The Turkish central government’s budget balance registered a 23.2 billion Turkish liras ($3.3 billion) surplus this February, after posting a deficit in the last two months, official figures revealed on Monday.
The Treasury and Finance Ministry data showed that the reading bettered from a deficit of 24.2 billion Turkish liras ($3.4 billion) in February 2020.
The country’s budget revenues reached 119.6 billion Turkish liras ($16.8 billion) last month, a 39% rise on an annual basis.
Turkey’s budget expenditures was 96.4 billion Turkish liras ($13.6 billion) in February, up 3% year-on-year.
The budget balance excluding interest payments posted a surplus of 35.9 billion Turkish liras ($5.1 million) last month.
Tax revenues totaled 98.4 billion Turkish liras ($13.8 billion), while interest payments were 12.8 billion Turkish liras ($1.8 billion) in the same period.
One US dollar traded for 7.1 Turkish liras on average in this February and 7.24 in the first two months of 2021.
CUMULATIVE FIGURE
In January-February, the budget balance saw a deficit of 984 million Turkish liras ($135. million), while it posted a surplus of 14 billion Turkish liras (some $2.3 billion) in the same period of last year.
Budget revenues totaled 209.2 billion Turkish liras ($28.9 billion) in the first two months of this year and expenditures hit 210.2 billion Turkish liras ($29 billion).
The budget balance, excluding interest payments, saw a surplus of 33.7 billion Turkish liras ($4.7 billion) in January-February.