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Tuesday, October 18, 2011

Turkish End-September Budget Surplus to Slide Into Deficit - Businessweek

Turkish End-September Budget Surplus to Slide Into Deficit
October 18, 2011, 9:35 AM EDT

By Steve Bryant and Ali Berat Meric

(Updates with spending plans in first and third paragraphs.)

Oct. 18 (Bloomberg) -- Turkey’s budget produced its first nine-month surplus in 27 years, an excess that will shift into deficit by the end of 2011 as the government invests in transport and education, Finance Minister Mehmet Simsek said.

More:Turkish End-September Budget Surplus to Slide Into Deficit - Businessweek