Business · Economy · 2 hrs ago

Türkiye records 532 billion lira budget deficit in September

Türkiye records 532 billion lira budget deficit in September

Türkiye’s central government budget ran a 532 billion lira deficit in September.

The Treasury and Finance Ministry said revenue was 1.25 trillion liras, while spending reached 1.79 trillion.

Spending rose 34.1 percent from a year earlier, faster than revenue, which increased 22.7 percent.

Interest payments were 263 billion liras, and spending excluding interest was 1.52 trillion.

The deficit for January to September was 1.84 trillion liras, with revenue of 12.1 trillion and spending of 13.9 trillion.

The government’s primary surplus for those nine months, which excludes interest payments, fell 7.7 percent to 410.8 billion liras.

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