ANKARA,8th April, 2023 (WAM) — Turkiye’s budget deficit in the first quarter of this year was 257.83 billion Turkish liras ($13.65 billion), official figures showed. ccording to state-run Anadolu Agency, the Turkish Treasury and Finance Ministry said its revenues totaled 801.15 billion liras ($42.4 billion) in the first three months of this year, up 30.8% on a yearly basis. Budget expenditures amounted to 1.06 trillion liras ($55.7 billion) during the same period, up 57% from January-March 2022. During the first quarter, the budget also earned 3.2 billion liras ($169 million) from privatization moves. The primary balance excluding interest payments was at minus 172.68 billion liras ($9.1 billion) in the three-month period. In March alone, the country’s budget deficit was 32 billion liras ($1.68 billion). The average USD/TRY exchange rate was 18.9 in the first quarter and 19 in March, according to Central Bank data. Tariq Al Fahaam
Source: Emirates News Agency (WAM)