ANKARA, Sept. 15 (Xinhua) -- Türkiye's budget balance recorded a 3.6 billion Turkish liras (198 million U.S. dollars) surplus in August after posting a deficit for two consecutive months, according to data released by the Turkish Treasury and Finance Ministry on Thursday.
The figure increased from a 64 billion Turkish liras (3.5 billion dollars) deficit in July.
Spending excluding interest payments was 279.7 billion liras (15.4 billion dollars) in August, rising 204 percent from the same month in 2021. Interest payments were 22.6 billion liras (1.2 billion dollars) in August.
Türkiye's budget revenues were 305.9 billion liras (16.8 billion dollars) as tax revenues rose over 107 percent to 271.9 billion liras (14.9 billion dollars), while expenditures amounted to 302.3 billion liras (16.6 billion dollars) in August.
Its government budget posted a deficit for two consecutive months in June and July, driven by a surge in personnel wages and current transfers.
Türkiye continues to invest and grow without deviating from the strict budget discipline, Minister of Treasury and Finance Nureddin Nebati tweeted on Thursday.
"Our economic policy, which encourages investment and production, brings growth and increase in tax revenues. Our prudent stance in expenditures also enables us to outperform many developed countries in public finance," he said. ■