Turkey's budget posts around $500M deficit in February

Central government budget balance saw deficit in February, with $16.1B revenue, $16.6B expenses, says finance minister

By Gokhan Ergocun

ANKARA (AA) - Turkey's central government's budget balance saw a deficit of 1.9 billion Turkish liras ($502 million) in February, Finance Minister Naci Agbal announced on Thursday.

The country's budget revenues surged 30.1 percent to 61 billion Turkish liras ($16.14 billion) last month, compared to the same month of last year, he said in a statement issued by the ministry's press office.

Budget expenses also rose 17 percent to reach 62.9 billion Turkish liras ($16.64 billion) in the same period.

In February 2017, the central government's budget deficit was 6.8 billion liras ($1.85 billion).

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