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Padubidri: Fishing boat capsizes; all 7 fishermen on board rescued Alleged atrocity on lawyer: Punjalakatte SI suspended Moral policing at jewellery shop: 4 arrested Bajrang Dal activists try to assault youth, girlfriend in Mangaluru SC to hear Bilkis Bano’s plea against release of 11 convicts on 13 Dec Nusrat Noor: First Muslim Woman to Top Jharkhand Public Service Commission
Latest News:
Padubidri: Fishing boat capsizes; all 7 fishermen on board rescued Alleged atrocity on lawyer: Punjalakatte SI suspended Moral policing at jewellery shop: 4 arrested Bajrang Dal activists try to assault youth, girlfriend in Mangaluru SC to hear Bilkis Bano’s plea against release of 11 convicts on 13 Dec Nusrat Noor: First Muslim Woman to Top Jharkhand Public Service Commission
LONDON, 15 Jan 2019 [Fik/News Sources]: Turkey's budget deficit stood at 72.6 billion Turkish liras ($14.8 billion) in 2018, meeting a year-end target under the country's new economic program, the treasury and finance minister said Tuesday.
"We reached the target of a 1.9 percent budget-deficit-to-gross-domestic-product ratio under the new economic program," Berat Albayrak wrote on Twitter.
The country's budget revenues rose 20.2 percent to reach 757.8 billion liras ($154.6 billion) in January-December 2018, while tax incomes climbed 15.8 percent to 621.3 billion liras ($126.8 billion), Albayrak noted.
He said budget expenditures rose to 830.5 billion liras ($170 billion), up 22.4 percent during the same period.
"Our strong public financial structure and fiscal discipline are among Turkey's most important anchors," Albayrak said.
The budget balance, excluding interest payments, posted a surplus of 1.35 billion Turkish liras (some $274.7 million), according to Treasury and Finance Ministry data.
Data showed that interest payments were nearly 74 billion Turkish liras ($15.1 billion) over the same period.
The average U.S. dollar/Turkish lira exchange rate last year was around 4.90.
According to the new economic program, the budget deficit/GDP ratio target is 1.8 percent this year, 1.9 percent next year, and 1.7 percent in 2021.
Fajr | فجر | |
Dhuhr | الظهر | |
Asr | أسر | |
Maghrib | مغرب | |
Isha | عشا |