Turkiye's budget balance sees $2.2B surplus in January

ANKARA

Turkiye's central government budget balance saw a surplus of 30 billion Turkish liras ($2.2 billion) in January, the Treasury and Finance Ministry announced on Tuesday.

The figure improved from a 24.2 billion Turkish liras ($3.3 billion) deficit in January 2021, data showed.

Turkiye's budget revenues jumped by 96.4% year-on-year to 176 billion liras ($13 billion) this January while expenditures amounted to 146 billion liras ($10.8 billion), rising 28.3% in the same period.

Excluding interest payments, the budget balance posted a 44.3 billion liras ($3.2 billion) surplus last month.

Tax revenues reached 147.4 billion liras ($10.9 billion), and interest payments were 14.2 billion liras ($1.1 billion) in the same period.

One US dollar traded for 13.5100 Turkish liras on average in January.