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Turkey’s budget records biggest deficit this year: report

Turkey’s central government budget swung to a deficit in September on the back of increased spending and lower corporate tax revenues, Bloomberg reported. The government...

Turkish budget swings to deficit in June on increased spending

Turkey’s central government budget swung to a deficit in June on the back of increased spending on current transfers and personnel wages, Bloomberg reported. The...

Turkey posts $21.3 billion budget deficit in first 7 months: report

The Turkish government ran a monthly fiscal gap of 29.7 billion lira ($4 billion) in July, bringing the deficit in the first seven months...

Turkish gov’t posts $16 billion budget deficit in first six months: report

The Turkish government registered a budget deficit of 109.5 billion Turkish lira (some $16 billion) between January and June, the country's Treasury and Finance...

Turkey posts $2.53 billion budget deficit in May: report

Turkey's central government budget posted a deficit of 17.3 billion lira ($2.53 billion) in May, data from the Finance Ministry showed on Monday, according...

Turkey posts second-largest budget deficit on record as spending surges

Turkey reported its second-largest budget deficit on record in April as government spending surged in response to the COVID-19 outbreak, the Ahval news website reported on Friday. The deficit...

Turkey’s budget posts deficit of $21 bln in 2019, despite use of legal reserves

Turkey’s central budget showed a deficit of TL 123.7 billion ($21 billion) in 2019, TL 30.8 billion of which was recorded in December, the Diken news...

Turkey’s budget deficit rose 70 percent year-on-year in first half of 2019

Turkey’s budget deficit reached TL 78.6 billion ($13.77 billion) in the first six months of 2019, increasing by 70 percent over the same period last year,...

Turkey keeps up budget spending splurge before İstanbul election: report

Turkey ran a budget shortfall in May compared with a surplus in the same month last year, a sign authorities kept their stimulus in place to...

Turkey’s public spending increases by 30 percent during election period

Public spending in Turkey in the first four months of 2019, which corresponds to the campaign period for the March 31 local elections, increased by 30...

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