According to the central government budget data for April released by the Ministry of Treasury and Finance, budget revenues amounted to TRY 957.4 billion, while expenditures reached TRY 1,132.1 billion. In the same period, non-interest budget expenditures stood at TRY 871.5 billion. These figures translate into a budget deficit of TRY 174.7 billion, while the … Continue reading ANALYSIS: Budget Deficit Still Far from Serving as a Fiscal Discipline Anchor