Türkiye registers $5.5B budget deficit in April

By Tuba Ongun

Türkiye's central government budget saw a deficit of 117.8 billion Turkish liras ($5.5 billion) in April, according to official data released on Wednesday.

Budget revenues reached 595.8 billion liras ($18.4 billion), while expenditures totaled 773.6 billion liras ($23.9 billion) last month, the Treasury and Finance Ministry figures showed.

Non-interest expenditures came in at 659.6 billion liras ($20.4 billion), while interest payments reached 114 billion liras ($3.5 billion).

Excluding interest payments, the budget balance ran a deficit of 63.8 billion liras (nearly $2 billion), while tax revenues totaled 487.9 billion liras ($15.1 billion).

- Cumulative figure

In January-April, the budget balance posted a deficit of 691.3 billion liras ($22.1 billion).

Budget revenues reached 2.2 trillion liras ($71.3 billion) in the first four months of this year, while expenditures amounted to 2.9 trillion liras ($93.4 billion).

A US dollar traded for 32.3506 liras on average in April, and for 31.3212 liras on average in the four-month period.