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Turkish Parliament approves 2011 budget

Business Materials 27 December 2010 11:14 (UTC +04:00)
Turkish Parliamentary General Assembly approved on Sunday the 2011 budget
Turkish Parliament approves 2011 budget

Turkish Parliamentary General Assembly approved on Sunday the 2011 budget, Anadolu News Agency reported.

The budget was approved by a vote of 332 against 118.

Budget expenses in 2011 were calculated as 312.5 billion TL (approx. 202.9 billion USD) while budget incomes were calculated as 279 billion TL (approx. 181.1 billion USD).

Income from taxes in 2011 will be 232.2 billion TL (approx. 150.7 billion USD).

The budget deficit in 2011 is expected to be 33.5 billion TL (approx. 21.7 billion USD).

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