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Turkey recorded a budget deficit of 172.7 billion Turkish lira in 2020

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Turkey recorded a budget deficit of 172.7 billion Turkish lira in 2020

The Turkish central government owed a deficit of 40.7 billion Turkish lira ($ 5.5 billion) in December, raising the full-year deficit to 172.7 billion pounds, according to Bloomberg, as the coronavirus pandemic spread. increase in expenditures, exceeding revenues.

In December 2019 the deficit was 31.8 billion pounds, while for the whole of 2019 the deficit amounted to 124.7 billion pounds.

According to the American news agency, Turkey expects a budget deficit of 4.3% of GDP for 2021, according to the new economic program of the Government.

Source: 24h.com.cy

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