Turkey’s central government budget ran a deficit in June due to increased spending on current transfers and staff salaries.
The government ran a deficit of 31.1 billion pounds ($1.8 billion) in June, according to Treasury figures.
In May it had posted a record surplus of £144bn, mainly due to rising tax revenues.
Spending rose 87% to £212.1 billion in June from the same month last year.
Wage spending rose 58.6% to £42.5bn over the same period, while current transfers, which include financial assistance to households, more than doubled to £107bn.
Revenue rose 105% to £181bn, with tax revenues contributing £152.6bn.
In the January-June period, the surplus amounted to 94 billion pounds.
Source: Capital

Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.