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  • Economic Calendar Terms

    Budget Balance

    Turkey Treasury
    Inönü Bulvari No:36 06510
    Emek/ ANKARA
    90–(312)–204–60–00

    Budget balance refers to difference between the Government's revenue and expenditure. A budget surplus occurs when revenues exceed government expenditures in any fiscal year. The opposite of a surplus is a deficit when the expenditure exceeds revenues.