Economics
Turkey’s Budget Swings to $4.7 Billion Deficit as Spending Jumps
People shop at a vegetable and fruit market in Ankara's historic Ulus district on April 14.
Photographer: Adem Altan/AFP/Getty Imaegs
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Turkey’s central government budget swung to a deficit after running a surplus for two consecutive months as spending outpaced tax collection.
The government posted a monthly fiscal deficit of 69 billion liras ($4.7 billion) in March, compared with a gap of 23.8 billion liras in the same month a year earlier.