TEPAV: "Budget Deficit Was 5.2 billion YTL in 2006"

TEPAV stated that the central government budget deficit for the year 2006 is 5.2 billion YTL instead of 4.0 billion YTL as stated by the Ministry of Finance.

Financial Monitoring Report - 2006 Budget Implementation Results prepared by Economic Policy Research Foundation of Turkey (TEPAV) Stability Institute was published. In the report, it was noted that according to the budget implementation results as announced by the Ministry of Finance in the month of February, the central government budget deficit for the year 2006 was realized at 4.0 billion YTL, it was said that "However, when the discrepancy between periods of collection and payment of the local government and fund shares is corrected as performed routinely every quarter, it can be seen that the cumulative budget deficit is 5205 million YTL instead of 3995 million YTL."