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Turkey runs $3.4 bln budget deficit in October: report

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The Turkish government’s budget showed a deficit of 95.5 billion Turkish liras ($3.4 billion) in October, the state-run Anadolu news agency reported, citing official data released on Wednesday.

Budget revenue amounted to 473.8 billion liras ($17 billion), while expenditures totaled 596.2 billion liras ($20.4 billion) last month, according to figures released by the Finance Ministry.

Non-interest spending amounted to 475.54 billion liras ($17.68 billion), while interest payments reached 87.15 billion liras ($3.2 billion).

Excluding interest payments, the budget balance ran a surplus of 28.7 billion liras ($1 billion), while tax revenue amounted to 409.4 billion liras ($14.7 billion).

From January to October, the budget balance showed a deficit of 608.1 billion liras ($27.2 billion).

Budget revenue amounted to 3.9 trillion liras ($175.2 billion) in the first 10 months of this year, while expenditures amounted to 4.5 trillion liras ($202.4 billion).

In October, one US dollar traded for an average of 27.8982 liras, while one dollar traded for an average of 22.3372 liras in the 10-month period.

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