Turkey's budget deficit 17 bln TL in 2008

Turkish Finance Ministry said that the central budget deficit stood at 17.069 billion TL (10.4 billion USD) in 2008, 5.2 percent lower than year-end target.

Turkey's budget deficit 17 bln TL in 2008

Turkish Finance Ministry said that the central budget deficit stood at 17.069 billion TL (10.4 billion USD) in 2008, 5.2 percent lower than year-end target.

Turkey spent 225.9 billion TL while its income reached 208.89 billion TL last year, according to budget figures made public on Tuesday.

Government's initial forecast for 2008 budget deficit was 17.99 billion TL.

Turkish government could not achieve its goal regarding the primary surplus which stood at 33.59 billion TL, 4.4 billion worse than 2008 target either.

"2009 will be a year of continuing economic and fiscal policies aimed at fiscal discipline," the ministry said.

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Last Mod: 20 Ocak 2009, 13:54
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