Turkey's budget deficit 9.4 billion YTL in September
Turkey announced on Tuesday the budget deficit for September around 9.4 billion new Turkish liras. (One USD is equal to 1.3800 YTL)
Turkey's finance ministry made public budget performance for September and for the first nine months of 2008, reported dpa.
Accordingly, Turkey's budget deficit was 9.4 billion YTL in September and 4.8 billion YTL between January and September 2008.
The ministry announced the nine-month primary surplus as 36.5 billion YTL. It was 19.4 percent up in the first nine months of 2008 over the same period of 2007.
This figure indicated that Turkey had reached 96.1 percent of its year-end primary surplus target, which was 38.3 billion YTL.
In the same period, budget expenditures were up 7.5 percent and reached 165.4 billion YTL.
Turkey's budget deficit was 12.1 billion YTL between January and September 2007. This term's budget deficit was 60.4 percent down when compared with the same period of the last year.
The budget revenues were up 13.3 percent in the first nine months of 2008, and climbed to 160.6 billion YTL.
Turkey had set the year-end budget revenue target around 204.5 billion YTL. The first nine-month figure indicated that Turkey has achieved this target by 78.5 percent so far.
Also, the ministry made public budget performances for September 2008 and said that the primary surplus was 4.4 billion YTL in this month.
The ministry announced the budget expenditures as 23.2 billion YTL, and budget revenues as 13.7 billion YTL in September 2008.