Home / Market Update / Forex Market / Turkey’s budget deficit is 170.6 billion liras in February following the earthquakes
Turkey

Turkey’s budget deficit is 170.6 billion liras in February following the earthquakes

The Turkish Finance Ministry said on Wednesday that the Turkish government’s budget recorded a deficit of 170.56 billion liras ($8.99 billion) in February, showing the impact of the violent earthquakes that hit the southeast of the country last month.

The ministry added that the core budget, which does not include interest payments, recorded a deficit of 136.34 billion pounds.

Check Also

Oil on the Edge: Prices Race Up as Hormuz Tensions Tighten and Diplomacy Stalls

Global oil markets are approaching a critical tipping point, with prices climbing toward the psychologically …