Budget deficit between January-April was announced as 333 trillion lira...
According to the Finance Minister the budget revenue for the period between January-April was a total of 14.9 quadrillion lira of which 9.78 quadrillion was tax revenue. Compared to the same period last year, tax revenue increased by 23.4% while the total budget revenue went up by 49.8%.
Budget expenditure, meanwhile reached 15.23 quadrillion lira with an increase of 6.7%. 6.37 quadrillion of this sum comprised interest payments which increased 32.7% compared to last year and 8.85 quadrillion was expenditure excluding interest payments. It was noted that the budget had a considerable surplus when interest payments were excluded. The budget surplus excluding interest payments during the period January-April was 6.45 quadrillion lira. This is a 49.8% increase compared to last year.
The Finance Minister Oral emphasised that an increase of 49.8% in budget revenue and an increase of 6.7% in budget expenditure was a significant development. He added that this testified to the fact that fiscal discipline had been adhered to during the first four months of the year.
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