Skip to content
Subscriber Only

Turkey Spending Before Referendum Sent March Deficit Soaring

  • Turkey’s Budget Deficit is Biggest Since at Least 2006
  • Turkey unemployment figure rises to highest level since 2010
Bloomberg business news

Turkey's Erdogan Claims Win in Referendum

Turkey reported more troubling economic data a day after voters narrowly gave President Recep Tayyip Erdogan substantial new powers, with the latest budget deficit and unemployment figures worse than they’ve been in years.

The Finance Ministry on Monday posted its biggest budget deficit for the month of March since at least 2006, according to data compiled by Bloomberg, while joblessness in January rose to the highest level in seven years.