The budget posted a deficit of 16.8 billion TL in February
The Treasury and Finance Ministry announced the budget implementation results for February 2019.
Accordingly, budget revenues increased by 9.7 percent in February compared to the same month of the previous year, 67 billion pounds, budget expenditures increased by 33.2 percent recorded as
Budget revenues in the January-February period increased by 37.5 percent compared to the same period of the previous year, 163.9 billion pounds, budget expenditures increased by 47 percent was 175.6 billion pounds.
Thus, the central government budget, 16.8 billion pounds in February, in the January-February period gave a deficit of 11.7 billion pounds.
Accordingly, in 2019, central government budget expenditures foreseen for 960 billion 976 million pounds, in February, 83 billion 737 million pounds were spent. In the same month of the previous year, 62 billion 888 million lira was spent.
Last month, 693 million liras was spent for the non-interest budget expenditures and 8,2 percent of the 843 billion 659 million TL appropriation was spent. In February, personnel expenses increased by 33 percent compared to the same month of the previous year, while 20 billion 122 million lira, while the budget for personnel expenditures, 247 billion 303 million TL appropriation was used 8.1 percent of appropriation.
State contributions to social security institutions increased by 35 percent in February compared to the same period of the previous year to 3 billion 516 million pounds and budget allocated 43 billion 375 million TL appropriation was used 8.1 percent.
Current transfers increased by 28.6 percent in February, compared to the same month of last year was 35 billion 69 million pounds. 9 percent of the 391 billion 337 million TL appropriation foreseen in the budget was used. Last month, 13 billion 829 million pounds were transferred for health, retirement and social aid expenditures. The amount of the transfer to the Treasury for the payment of 5 percentages in employer's social security premium was 527 million TL.
Agricultural support payments included in current transfers amounted to 4 billion 955 million liras, and shares of local administrations were 6 billion 493 million liras. In February, capital expenditures of 2 billion 326 million liras and capital transfers amounted to 871 million liras. Lending expenses was 1 billion 646 million pounds. Interest expenditures increased by 120.7 percent compared to the same month of the previous year and recorded as 14 billion 704 million TL.
- Budget proceeds
In February of the previous year, budget revenue of 61 billion 14 million pounds, in the same month of this year, increased by 9.7 percent to 66 billion 962 million pounds was realized. Tax revenues collection increased by 9.4 percent in this period, 57 billion 499 million pounds was.
General budget non-tax revenues increased by 29.9 percent, 7 billion 7 million pounds was calculated . The revenues of the special budget administrations were 1 billion 451 million TL and the revenues of the regulatory and supervisory agencies were determined as 1 billion 5 million TL.
According to tax types, in February, bank and insurance transactions tax increased by 29.4 percent, income tax by 24 percent, stamp duty by 21 percent, corporate tax by 19.7 percent and special consumption tax increased by 5.5 percent. taxes decreased by 19.5 percent, fees by 13.2 percent and value added tax by imports decreased by 1.5 percent. The collection of other taxes rose by 6.1 percent.