ISTANBUL
Turkey’s central government budget balance posted a deficit of 123.7 billion Turkish liras ($21.77 billion) in 2019, the Treasury and Finance Ministry announced on Wednesday.
Turkey’s budget revenues rose 15.5% to hit 875.8 billion Turkish liras ($154.19 billion) year-on-year in the January-December period, according to the official data.
The country’s budget expenditures reached 999.49 billion Turkish liras ($175.96 billion) in the year, up 20.3% from the previous year.
Excluding interest payments, the budget balance posted a deficit of 23.75 billion Turkish liras ($4.18 billion) in the period, while interest expenditures totaled some 99.94 billion Turkish liras ($17.59 billion).
Government
