Turkey’s central government budget posts a surplus in July 2019

Turkey’s central government budget posts a surplus in July 2019

Amidst several economic problems the country has been coping with a surplus of TL 9.9 million was recorded in Turkey’s central government budget for July 2019 whereas there was a deficit of TL 68.7 billion for the January-July period. The Treasury and Finance Ministry announced the budget implementation results for July 2019. Accordingly, in July More...

by BTT | Published 1 day ago
By BTT On Saturday, August 3rd, 2019
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Turkey revises its plans for 2023 with new official development targets

After experiencing real tough times in terms of politics and economy for a long while Turkey has revised its plans for 2023 with updated official development targets. Within this scope Turkey’s official target More...

Turkish economy fragile against factors that create pressure on TL against dollar
By BTT On Monday, May 20th, 2019
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Turkish economy fragile against factors that create pressure on TL against dollar

Turkish economy has long been suffering from fluctuations in TL/dollar rate causing high inflation in the first place and increasing foreign debts. The steps taken by the government have not been a cure either More...

Turkey’s exports increase by 5.4 percent to US$ 15 billion in April 2019
By BTT On Friday, May 3rd, 2019
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Turkey’s exports increase by 5.4 percent to US$ 15 billion in April 2019

Turkey which has many problems to work out to include economic ones in the first place has improved its export performance. The good news in regards was shared by President ERDOGAN in a speech he delivered at the More...

Central Bank of the Republic of Turkey (CBRT) announces inflation forecast
By BTT On Tuesday, April 30th, 2019
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Central Bank of the Republic of Turkey (CBRT) announces inflation forecast

Central Bank of the Republic of Turkey (CBRT) President Murat CETINKAYA has announced the inflation forecast. CBRT did not change year-end inflation forecast figures. However, food inflation forecast increased More...

Turkey’s current account deficit becomes US$ 718 million in February 2019
By BTT On Thursday, April 11th, 2019
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Turkey’s current account deficit becomes US$ 718 million in February 2019

Based on data provided by Central Bank the current account deficit of Turkey was US$ 718 million in February 2019. Economists were expecting a current account deficit of US$ 900 million in February. According to More...

Number of employed in Turkey decreases by 869 thousand persons in May 2019
By BTT On Wednesday, March 27th, 2019
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Turkey’s unemployment figure for 2018 becomes 11 percent

There is no doubt that Turkey has been going through a tough year in terms of economy since 2018. Fluctuations in Turkish lira as well as skyrocketing inflation have been major issues to worry the administration. More...

Number of employed in Turkey decreases by 869 thousand persons in May 2019
By BTT On Friday, March 15th, 2019
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Unemployment rate in Turkey increases by 3 points in December 2019

The unemployment rate in Turkey went up to 13.5 percent in December corresponding to an increase of 3.1 percent as compared to same month of previous year. During the same period, the number of unemployed persons More...

Turkey’s central government budget gives US$ 17 billion in February 2019
By BTT On Friday, March 15th, 2019
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Turkey’s central government budget gives US$ 17 billion deficit in February 2019

The Treasury and Finance Ministry has announced the budget implementation results for February 2019. Based on concerned report Turkey’s central government budget gave a deficit of TL 11.7 billion in January-February More...

Central Bank of the Republic of Turkey (CBRT) announces inflation forecast
By BTT On Friday, March 15th, 2019
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Based on Central Bank report Turkey’s short term debt amounts to US$ 177 billion

Based on the report issued by Central Bank, Turkey’s short-term external debt stock calculated using the external debt data (due in 1 year or less ignoring its original maturity) was USD 177.3 billion in More...