Türkiye runs $1.9B budget surplus in August

By Tuba Ongun

Türkiye's central government budget saw a surplus of 51.2 billion Turkish liras ($1.9 billion) in August, according to official data released on Friday.

Budget revenues stood at 613.96 billion liras ($22.8 billion), while expenditures amounted to 562.69 billion liras ($20.9 billion) last month, Treasury and Finance Ministry figures showed.

Non-interest expenditures came in at 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 138.42 billion liras ($5.14 billion), while tax revenues totaled 543.18 billion liras ($20.2 billion).

In January-August, the budget balance posted a deficit of 383.39 billion liras ($18 billion).

Budget revenues reached 3.38 trillion liras ($141.1 billion) in the first eight months of this year, while expenditures amounted to 3 trillion liras ($159.2 billion).

A US dollar traded for 26.8973 liras on average in August, while a dollar traded for 21.2497 liras on average in the eight-month period.