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Budget Balance

ekonomi.isbank Macro Notes Budget Balance Budget Balance

Central government budget deficit increased by 25.1% yoy in March.

In March, central government budget revenues increased by 58.4% compared to the same month of last year and became 766.3 billion TRY, while budget expenditures rose more slowly by 48.3% on an annual basis to 1 trillion TRY. Thus, central government budget deficit widened moderately by 25.1% yoy to 261.5 billion TRY in March. In this period, primary budget deficit narrowed by 25.4% yoy and became 100.2 billion TRY. In January-March period, cumulative budget deficit, increased by 38.4% yoy to 710.8 billion TRY, while primary budget deficit (246.9 billion TRY) decreased by 6.1% yoy.

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