Turkiye's budget deficit in Q1 2024 at $16.6 bn

15 Apr '24

1 min read

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Turkiye's budget deficit in Q1 2024 was $16.6 billion—double from that of the corresponding period last year, official figures show.
Revenues in the quarter were worth $53 billion—up by around 130 per cent YoY.
During March, revenues and expenditures totalled $15.1 billion and $21.65 billion respectively.
The budget deficit was $6.55 billion during the month.

Turkiye's budget deficit in the first quarter (Q1) this year was 513.5 billion liras ($16.6 billion)—double from that of the corresponding period last year, according to official figures.

The country's revenues in the quarter were worth 1.64 trillion liras ($53 billion)—up by around 130 per cent year on year (YoY), the treasury and finance ministry said.

Expenditures amounted to $2.15 trillion liras ($69.6 billion)—rising by 106 per cent YoY, interest payments totalled 250.4 billion liras ($8.1 billion) and non-interest budget balance saw a deficit of 263 billion liras during Q1 2024, a domestic news agency reported.

During March, the country's revenues and expenditures totalled 483.8 billion liras ($15.1 billion) and 692.8 billion liras ($21.65 billion) respectively. The budget deficit was 208.96 billion liras ($6.55 billion) during the month.

The US dollar-Turkish lira exchange rate was at 30.92 on an average during the quarter and 31.99 in March.

ALCHEMPro News Desk (DS)

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