Turkey April Budget Surplus Rose After Non-Tax Income Jumped (Update 1)
By Emre Peker and Ali Berat Meric - May 15, 2012 8:09 AM ET
Turkey’s budget surplus widened 34 percent to 1.4 billion liras ($780 million) in April as a dividend from the central bank more than offset growth in government spending.
Revenue increased an annual 24 percent last month to 29.1 billion liras, with non-tax income jumping to 8.3 billion liras from 3.4 billion liras a year ago, the Finance Ministry in Ankara said on its website today. Revenue from taxes rose 3.5 percent to 20 billion liras, it said.
More:Turkey April Budget Surplus Rose After Non-Tax Income Jumped - Bloomberg
