Turkish government ran a budget surplus of 4.6 billion Turkish liras
(approximately $1.24 billion) in the first two months, the finance minister
"The budget continues to comply with our
targets," Finance Minister Naci Ağbal said in a statement.
The minister said budget revenues reached 105.7
billion liras (around $28.5 billion) in the first two months -- a 15.6 percent
increase compared with the same period last year.
In this period, the government's tax revenues
totaled 88.4 billion liras (some $23.9 billion) and tax-excluded incomes stood
at 17.3 billion liras (approximately $4.6 billion), Ağbal added.
He said budget expenditures totaled 101.1
billion liras (some $27.3 billion) in January-February, a 19.2 percent rise
over the same period last year.
Official data showed government's revenues in
February stood at 46.9 billion liras (nearly $12.8 billion), a 4.9 percent
In February, 6.8 billion liras (around $1.8
billion) budget deficit came after 53.7 billion liras (around $14.6 billion) of
expenditures, which increased by 27 percent compare with the same month last
"Taking into account the year's budget
targets, we will continue to implement our budget policy within a fiscal policy
framework which supports growth and prioritizes monetary policy
compliance," the minister added.
The government is aiming for a budget deficit
of 46.9 billion Turkish liras (nearly $12.5 billion) at the end of the year,
according to Finance Ministry.
The ministry had estimated budget expenses for
the 2017 fiscal year at 645.1 billion liras ($172 billion), up by almost 14
percent compared with 570 billion liras ($153 billion) in the forecast for 2016