Türkiye posts .5B budget balance surplus in November

Türkiye posts $6.5B budget balance surplus in November

The Turkish central authorities’s price range stability posted a surplus of TL 108.3 billion ($6.5 billion) in November, in response to knowledge launched by the Treasury and Finance Ministry on Thursday.

The nation’s stability surplus registered final yr in the identical month was TL 31.99 billion.

Türkiye’s revenues totaled TL 347.7 billion in November, up 107.3% on a yearly foundation.

The price range bills amounted to TL 239.4 billion, rising by 76.4% year-over-year in November.

The main stability additionally posted a surplus of TL 132.7 billion, whereas curiosity bills totaled TL 24.4 billion in November.

In the primary 11 months of this yr, the price range noticed a deficit of TL 20.5 billion, whereas the first stability was at TL 272.2 billion.

The U.S. dollar-Turkish lira alternate price was at 16.6 in November 2022, 10.5 in November 2021 and 16.4 within the first 11 months of this yr.

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