FX.co ★ Turkey's Budget Balance Worsens in March, Reaching -209B

Turkey's budget balance took a hit in March 2024, with the indicator reaching -209 billion, down from -153.8 billion in February 2024. The updated data, released on 15th April 2024, highlights a concerning trend in the country's finances. This significant decrease in the budget balance could have implications for Turkey's economy, potentially leading to increased borrowing or budget cuts in the future. The government may need to implement measures to address this decline and work towards improving the country's financial situation moving forward.