Turkish government budget surplus soars to $1.83 billionStaff writer ▼ | May 18, 2016
Turkey’s government ran a 5.4 billion lira ($1.83 billion) budget surplus in April, the country’s Finance Minister Naci Agbal said.
Turkey The surplus was sharply higher in April
The primary surplus, which excludes interest payments, was $2.71 billion.
The primary surplus, which excludes interest payments, was 8 billion liras ($2.71 billion), up 500 million liras ($170 million) compared to 7.5 billion liras ($2.64 billion) in same period of last year.
“The results obtained in the four months of the year shows our government continues to uphold fiscal discipline unwaveringly,” Agbal said.
“We will continue to uphold the principles of fiscal discipline for the rest of the year,” he added.
According to official data from the ministry, the Turkish government budget, which ran a deficit of 4.1 billion liras ($1.39 billion) in the first four months of last year, this April saw a budget surplus of 5.4 billion liras ($1.83 billion). ■