The budget gave a deficit of TL 25.6 billion in June



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The budget deficit broke a record in June. The budget deficit amounted to TL 25.6 billion in June 2018. In the same period last year, the budget had a deficit of TL 13.7 billion.

Expenditure on the growth of the black hole budget before the presidential and legislative elections of Sunday, June 24, 2018 were effective

6 OPEN MONTHLY 46.1 BILLION TPL

According to the Ministry of Finance 25.2 deficit billion TL during the period from January to June 2018, gave a deficit of TL 46.1 billion.

Thus, in 6 months, the budget deficit of TL 65.1 billion, which is determined for the whole of 2018, has been increased up to 70%. Experts point out that the current budget can exceed 70 billion TL.

EXTRAORDINARY EXTRAORDINARY INCREASE EXTRAORDINARY

In the item "primary surplus", which means saving on budgeted expenditures other than interest payments, the figures fell to the bottom of the scale . In other words, no additional funds could be put in place to pay the debt.

While the primary deficit was 12.5 billion TL in June 2017, there was a primary deficit of 23.2 billion TL in June 2018.

This indicates that the Treasury will have to borrow more in the second half of the year.

INCOME: TL 51.5 BILLION, EXPENDITURE: $ 77.2 BILLION

In June 2018, budgetary revenues increased by 17.3% over the same month of the previous year and reached TL 51.5 billion. Budgetary expenditure amounted to LT 77.2 billion, an increase of 33.8%.

In June 2018, tax revenues increased by 17.4% over the same month of the previous year and amounted to TL 42.7 billion.

EXPENDITURE OF NON-INTEREST BUDGET INCREASE INCREASE

In January-June 2018, budgetary revenues increased by 18.2% over the same period of the previous year to TL 353.6 billion. Budgetary expenditure increased by 23.2% to 399.7 billion Turkish liras

. During the period January-June 2018, tax revenues increased by 19.8% over the same period of the previous year and amounted to 294.8 billion Turkish liras. Non-interest budget expenditures increased by 23 percent to TL 365.9 billion.

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