World Bulletin / News Desk
The Turkish government's budget balance saw a deficit of 20.4 billion Turkish liras ($5.34 billion) in the first quarter of 2018, the Ministry of Finance announced on Monday.
According to an official statement, Turkey's budget revenues amounted to 167.4 billion Turkish liras ($43.8 billion) from January to March, increasing by 15.7 percent compared to the same period of last year.
Over the same period, the budget expenses stood at 187.9 billion Turkish liras ($49.2 billion), marking a 17.7 percent annual rise.
Excluding interest payments, the central government budget balance saw a surplus of nearly $500 million in the first quarter of this year.
The average U.S. dollar/Turkish lira exchange rate in the first quarter was around 3.82, according to Turkey's Central Bank.
BIST 100 index falls by over 2 percent at close, going down some 2,600 points from previous close
Policy rate, also known as one-week repo rate, remains same at 8 percent; lending rate rises 0.75 percent points
BIST 100 increases 0.29 percent; US dollar/Turkish lira exchange rate stands at 4.0850
Local units operating in manufacturing industry work at 77.3 pct capacity in April, says Central Bank
Public sector net borrowing falls by 3.5 billion pounds in 2017-18 financial year, says Office of National Statistics
Indices for service, retail trade, construction sectors fall in current month compared with March: Official data
Data monitoring company IHS Markit also flagged a slight slowdown in France, where strikes were interrupting a resurgent boom on the back of government reforms.
Treasury reports central government debt stock in March rises around 15 pct year-on-year, reaching nearly $235 billion
Sales to foreigners amounted to 1,827, 15.8 pct rise year-on-year, according to official report
BIST 100 slips 0.15 percent; US dollar/Turkish lira exchange rate stands at 4.0460
BIST 100 rises 0.01 percent; US dollar/Turkish lira exchange rate drops to 4.0250
Fresh hopes that Donald Trump and North Korea's leader Kim Jong Un will hold a historic summit within months also provided some much-needed optimism.
The fund cautioned that investors and financial markets expect a steady approach to monetary tightening based on the belief inflation will remain relatively tame.
Turkey's assets abroad go up 2.4 percent at end of February 2018, compared to end of 2017: Turkish Central Bank
BIST 100 decreases 0.12 percent; US dollar/Turkish lira exchange rate stands at 4.1020