Budget Meets Surplus in November

During the same period in 2003, the deficit was TL 33 quadrillion. Finance Ministry issued yesterday, "The attempts to normalize the budget deficit are continuing."

When considering that the 2004 budget deficit target was set at 45.8 quadrillion, an 11-month realization means 53.2 percent of the year-end target has been met.

In the first 11 months, expenditures were TL 123.1 quadrillion while incomes were TL 98.7 quadrillion. Personnel expenditures reached TL 26.7 quadrillion and total interest expenditures reached to TL 52.3 quadrillion.

While transfers to social security institutions have amounted to TL 18.1 quadrillion, the out interest in the consolidate budget, which is one of the most important criteria of economic program, is TL 27.9 quadrillion.

It was said in the statement, "There will be no problem to reach to the end of the year target."

On the other side, the November budget excesses TL 418 trillion after long years. And the primary budget surplus has been TL 3.6 quadrillion.

Expenditures in November have been TL 11 quadrillion and while incomes total TL 11.4 quadrillion. Personnel wages among budget outcomes have been TL 2.3 and interest expenditures have been TL 3.2 quadrillion.