9,179.48 TL BIST 100 BIST 100
31.13 $ USD USD
€33.79 EUR EUR
44.36 TL Interest Interest
83.30 $ Fossil Oil Fossil Oil
22.41 $ Silver Silver
3.84 $ Copper Copper
115.68 $ Iron Ore Iron Ore
394.00 $ Ship Dismantling Ship Dismantling
2,041.87 TL Gold (gr) Gold (gr)

The budget deficit was recorded as the highest

The deficit in the central administration budget balance, which was TL 32.2 billion in January, increased to TL 170.6 billion with the decrease in tax revenues in February, the time of the earthquake disaster. This was the highest monthly deficit in data dating back to 2006.

The budget deficit was recorded as the highest
The Ministry of Treasury and Finance announced the budget execution results for February.
Accordingly, in February, budget revenues decreased by 19.1 percent compared to the same month of last year to 218 billion 828 million liras, while budget expenditures increased by 93.9 percent to 389 billion 388 million liras.
In the January-February period, budget revenues increased by 13.7 percent compared to the same period of last year to 507 billion 906 million liras, and budget expenditures increased by 104.9 percent to 710 billion 709 million liras.
Thus, the central administration budget had a deficit of 170 billion 560 million liras in February and 202 billion 802 million liras in the January-February period.
The non-interest deficit increased from 10.9 billion liras to 136.3 billion liras.
The direct cost of the FX-protected deposit to the budget is 632 million liras 
The direct cost of the FX-protected deposit to the budget was 632 million liras in February. Its total cost increased to 94.7 billion liras.
Budget expenses excluding interest increased by 126 percent compared to the same month of last year and increased to 355 billion 165 million liras. 
In the said period, 7.2 percent of the 318 billion 685 million liras foreseen in the budget for the purchase of goods and services was spent. In February, with an increase of 110.1 percent, 22 billion 827 million liras of goods and services purchase expenses were realized.
Current transfers increased by 161.4 percent compared to the same month last year and amounted to 193 billion 683 million liras. 11.5 percent of the 1 trillion 681 billion 997 million lira appropriation foreseen in the budget was used.
While 17 billion 931 million liras of capital expenses were made in February, the capital transfer was realized as 12 billion 280 million liras. Lending expenses amounted to 10 billion 261 million liras. Interest expenses decreased by 21.6 percent compared to the same month of last year and were recorded as 37 billion 223 million TL.
Tax revenues decreased to 179.6 billion liras
Tax revenue collection decreased by 0.4 percent last month compared to February 2022 to 179 billion 620 million pounds. The realization rate of tax revenues according to the budget forecast was 8.2 percent in 2022 and 5.6 percent last month.
Other non-tax revenues of the general budget decreased by 67.1 percent and were calculated as 27 billion 65 million liras. The self-revenues of the administrations with special budgets were determined as 9 billion 124 million liras, and the revenues of the regulatory and supervisory institutions as 3 billion 20 million liras.
In terms of tax types, in February compared to the same month last year, the income tax increased by 63.8 percent, domestic value added tax increased by 152.2 percent, excise duty increased by 126.5 percent, bank and insurance transactions tax increased by 126.7 percent, import value-added tax increased by 44.4 percent, stamp duty increased by 94.3 percent, duties increased by 68.4 percent, other tax collection increased by 61.2 percent and operating return decreased by 94.4 percent.


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