The central budget posted a deficit of TL 47.2 billion in March

According to the statement of the Ministry of Treasury and Finance, the central budget recorded a deficit of TL 47.2 billion in March. In the first three months of 2023, the total budget deficit reached TL 250 billion.

In March 2023, the central government budget expenditure was TL 334 billion, the budget revenue was TL 286.8 billion, and the budget deficit was TL 47.2 billion. In addition, the primary budget expenditure was TL 289 billion and the primary deficit was TL 2.1 billion.

INCOME AND EXPENSES

In March, TL 334 billion 44 million was spent out of the TL 4 trillion 469 billion 570 million allocation planned for central government budget expenditures in 2023. In the same month of the previous year, TL 224 thousand 939 were spent million TL.

Budget spending in March increased 48.5 percent compared to the same month a year earlier. While the expenditure realization rate based on budget allocations was 7.9% in 2022, it increased to 7.5% in 2023.

In March 2023, the budget revenue amounted to TL 286.821 million with an annual increase of 83.9 percent. According to the budget estimate, while the budget revenue realization rate in March was 6.1 percent in 2022, it became 7.5 percent in 2023.

BUDGETARY EXPENSES WITHOUT INTEREST

Non-interest budget expenses increased by 45.9 percent compared to the same month of the previous year and amounted to TL 288.969 million. While the non-interest expense realization rate based on budget allocations was 7.9% in 2022, it increased to 7.4% in 2023.

Tax revenue collection in March 2023 increased by 55.9 percent compared to the same month of the previous year and reached TL 198.59 billion. While the tax revenue realization rate according to the budget estimate was 5.8% in 2022, it became 6.2% in 2023.