Turkey records a 532 billion lira deficit in September budget

Data from the Treasury and Finance Ministry, published on Oct. 15, show that Turkey's central government budget recorded a 532 billion lira deficit for September. Revenue for the month grew 22.7% year-on-year to 1.25 trillion lira, while total outlays rose 34.1% to 1.79 trillion lira. Non-interest expenditures surged 39.1% to 1.52 trillion lira and interest payments rose 11.2% to 263 billion lira.

The primary deficit expanded to 269.2 billion lira, marking a 269% increase from September last year. Over the January-September period, revenues climbed 34.5% to 12.1 trillion lira and spending rose 36.4% to 13.9 trillion lira, leaving a cumulative deficit of 1.84 trillion lira and a primary surplus that fell 7.7% to 410.8 billion lira.