The Ministry of Finance of Turkey announced on Friday that the country recorded a budget deficit of 186.27 billion lira ($5.41 billion) in October, with a total deficit for the first ten months of the year of 1.26 trillion lira. The primary deficit, excluding interest payments, amounted to 50.05 billion lira in October and 211.38 billion lira for the period from January to October, according to the data from Reuters.
Turkey Faces Budget Deficit in October
Turkey reported a budget deficit of 186.27 billion lira in October, amounting to 5.41 billion dollars, with a total deficit of 1.26 trillion lira in 2023 so far.