Solid budget, weaker reserves

TURKEY - Report 20 Mar 2022 by Murat Ucer

In this very brief economics-only Weekly, we provide a few thoughts on the February budget as well as the housing price and sale data of the past week. We also review the key financial data through the week of March 11, notably the CBRT reserves, and share a few other tidbits.

As signaled by the cash data last week, the February budget was strong, thanks to buoyant revenue growth, both tax and nontax, the latter owing to a transfer from the CBRT.

Now read on...

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