Budget, 576 million Turkih Liras in August, despite the surplus, in January-August period gave a deficit of 68.1 billion liras. In August, interest expenses increased by 31.7 percent compared to the previous year and reached 10.8 billion liras. January-August period, the amount paid from the budget interest rate increased by 38.1 percent compared to last year was 69.3 billion liras. That is, the deficit interest in the budget was due to the money paid!
Despite the economic crisis, the economic order based on borrowing Turkey give up, "balanced budget" is not not even imagine. In the 17-year period, even once the “equivalent budget was not mentioned, the amount paid to the interest rate was 55-60 billion liras. In 2017, the state paid 56.7 billion liras of interest paid by the state budget, in 2018 exceeded 76 billion liras. The amount expected to go from the budget to interest for 2019 is expected to be 117.3 billion liras.
“OPEN“ STEP TO THE TARGET!
While the budget deficit was realized as 47.8 billion TL in 2017, it was 72.6 billion TL last year. According to the target of the New Economy Program announced by the Treasury and Finance Minister Berat Albayrak in September last year, the budget deficit is expected to be 80.6 billion TL in 2019. While the budget deficit in the January-August period, ie 8 months, exceeded 68 billion lira, the target was approached a little more!
The Ministry of Treasury and Finance announced the results of the budget implementation for August 2019. Accordingly, in August, budget revenues increased by 34.1 percent compared to the same month last year, 94.3 billion liras, budget expenditures increased by 23.2 percent was 93.7 billion liras.
Budget revenues in January-August period, increased by 21.6 percent compared to the same period last year 590.7 billion liras, budget expenditures increased by 22.8 percent to 658.8 billion liras was recorded.
Thus, the central government budget in August, 576 million liras more, in January-August period gave a deficit of 68.1 billion liras.
In August, interest expenditures increased by 31.7 percent compared to the same month of the previous year and recorded as 10 billion 866 million liras. In the January-August period, the amount paid from the budget interest, increased by 38.1 percent compared to the same period last year was 69 billion 329 million liras.