Türkiye’s central government budget shifted to a surplus by posting an excess of TL 114.2 billion (around $2.4 billion) in June, reversing the deficit registered in the same month last year, official data showed on Thursday.
Budget revenue jumped 66.0% year-over-year to nearly $32.1 bilion in current prices, fueled by a 72% increase in tax collections, data from the Treasury and Finance Ministry showed.
Expenditures increased 12.6% to some $29.7 billion, data revealed.
The primary balance, which excludes interest payments, registered a surplus of $6.7 billion in June, compared with a deficit of $1.15 billion in the same month last year.
Non-interest expenditures increased 23.9% year-on-year to $25.3 billion, while interest payments fell 26.9% to $4.3 billion.
