Turkey's June Ex-Interest Budget Surplus Narrows on Pre-Election Spending

(Bloomberg) -- Turkey's June budget surplus,
excluding interest payments on debt, narrowed from a year earlier
because of an increase in pre-election spending, according to
Finance Ministry figures.

The so-called primary surplus narrowed to 687 million liras
($550 million) from 4.9 billion liras in June 2006, the ministry
in Ankara said in an e-mailed statement today. The overall budget
posted a deficit of 2.5 billion liras, compared with a surplus of
2.1 billion liras the previous June.


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