Turkish government sees budget surplus in October
7.2 billion Turkish-lira budget surplus in October, the Turkish finance ministry says
Turkey's goverment ran a budget surplus of 7.2 billion Turkish liras ($2.5 billion) in October, the Finance Ministry reported in a statement on Monday.
The deficit in the first ten months of the year was 6.2 billion Turkish lira ($2.1 billion), the statement said.
"This successful result is not a coincidence. It reflects our sensitivity on budget discipline," Finance Minister Mehmet Simsek said in the statement.
According to ministry, the government's budget revenues have reached 398 billion Turkish liras ($138.6 billion) in the first ten months of 2015, a 14.5 percent increase compared with the same period of 2014, while budget expenditure was 404.2 billion Turkish liras ($140.8 billion), an 11.5 percent increase from the same period in the previous year.
Government revenue in October was 43.8 billion Turkish liras ($15.2 billion), a 28.2 percent increase year-on-year, while budget expenditure was 36.6 billion Turkish liras ($12.7 billion), down 1.7 percent from a year earlier.
