A deficit of 3 billion 50 million TL is foreseen in the 2023 budget

In the TRNC 2023 Fiscal Year Budget Bill, which is expected to be discussed in the Parliament Committee in the last week of this month, 35 billion 850 million TL expenditure, 32 billion 800 million TL revenue, 3 billion 50 million TL deficit are foreseen in the new year's budget bill.

The largest appropriation in the budget; 17 billion 715 million 104 thousand 700 TL, which corresponds to 49.41 percent of the budget, was allocated to the Ministry of Finance. The second highest share in the 2023 budget belongs to the Ministry of National Education with 4 billion 130 million 908 thousand 200 TL; The third highest share belongs to the Ministry of Health with 3 billion 115 million 355 thousand 400 TL.

While local revenues were calculated as 21 billion 470 million TL in the budget, 11 billion 614 million TL 144 thousand TL was allocated for personnel expenses.

The amount of grants, aid and loans in Turkey, which was 4 billion TL last year, is foreseen as 8 billion TL in the 2023 budget.

It is aimed to meet the 3 billion 50 million TL deficit foreseen in the budget from internal resources.

EXPENSES

In the expense item of the budget, apart from personnel expenses; in approximate figures 748.6 million TL state contributions to the social security institution, 2 billion 436.5 million TL goods and services purchase expenses, 480 million TL interest expenses, 15 billion 416.6 million TL current transfers, 904 million TL capital expenditures 4 billion 250 million TL reserve appropriations are seen.

INCOME

While the biggest item in the revenues section of the budget is local revenues with 21 billion 470 million TL, 2 billion 350 million TL from the Price Stabilization Fund, 395 million TL from other funds, 24 million 600 thousand TL revolving fund incomes, 560 million 400 thousand TL special incomes. Waiting. 5 billion 500 million TL aid from the Republic of Turkey, 2 billion 500 million TL loans from the Republic of Turkey, other items included in the revenues section.

3 billion 400 million TL of the grants and aids from Turkey will be used for investment and 2 billion 100 million TL for defense. The Republic of Turkey will provide a loan of 2 billion 500 million TL.

In the justification of the 2023 Fiscal Year Budget Draft Law, “The 2023 Fiscal Year Budget Draft Bill states that “establishing a sustainable public finance balance, increasing the competitiveness of the public sector and the private sector, increasing production-based growth and opening the way for employment, maintaining financial discipline by providing structural It is aimed to put the measures into practice, to stabilize the economy, to direct existing resources to productive areas, to use public resources economically and efficiently by ensuring expenditure discipline as well as income-increasing measures. it was said.

In the justification, it was emphasized that in order to achieve the targets, savings were made in current expenditures, taking into account the efficiency in public expenditures, and that attention was paid to improving the public finance balance by increasing the efficiency in resource allocation.

In order to create a production-oriented economy and to encourage investments; It was emphasized that steps were taken towards reforms with infrastructure, communication, drinking and irrigation water projects, and it was stated that the transition to automation in e-Government, e-Budget, customs and tax will continue.

Noting that efforts will be continued to take all kinds of legal and administrative measures in order to transform the increasing public debt stock into a sustainable debt structure, he said, “We will continue to prevent tax loss and evasion by developing technological infrastructure, increasing cooperation between institutions in audits and ensuring cross-check, and also decisively fighting against informality. Efforts to attach importance will continue.” it was said.

In the draft bill emphasizing that the projects will be implemented by evaluating them on a sound financial basis, based on the cost-benefit analysis practices in public expenditures, it was noted that savings will be achieved in public expenditures by increasing the efficiency and productivity of the public, and efficient use of public resources will be ensured by conducting public business analysis.

BENEFITS

The appropriations allocated to the Presidency, the Assembly of the Republic, ministries, the Security Forces Command and detached departments in the budget draft are as follows:
Presidency: 143 million 205 thousand

Republic Assembly: 146 million 794 thousand 50

Prime Ministry: 467 million 464 thousand 10

Deputy Prime Minister, Ministry of Tourism, Culture, Youth and Environment: 523 million 581 thousand

Ministry of Public Works and Transport: 1 billion 36 million 455 thousand 200

Ministry of Foreign Affairs: 362 million 417 thousand 980

Ministry of Finance: 17 billion 715 million 104 thousand 700

Ministry of Interior: 1 billion 47 million 526 thousand 860

Ministry of National Education: 4 billion 130 million 908 thousand 200

Department of Economy and Energy: 128 million 653 thousand 200

Ministry of Agriculture and Natural Resources: 1 billion 315 million 545 thousand 400

Ministry of Health: 3 billion 115 million 355 thousand 400

Ministry of Labor and Social Security: 1 billion 388 million 110 thousand

Courts: 236 million 796 thousand 700

Law Office: 80 million 777 thousand 200

Turkish Court of Accounts: 43 million 949 thousand 900

Public Service Commission Presidency: 25 million 89 thousand

Senior Management Auditor: 11 million 535 thousand

General Directorate of Police: 1 billion 830 731 thousand 100

Security Forces Command: 1 billion 996 million 600 thousand

Civil Defense Organization Presidency: 103 million 400 thousand

The budget for 2022 was prepared as 12 billion 770 million TL, and due to the negative effects of the pandemic and the Ukraine-Russia War on the economy, the budget was revised as 21 billion 462 million 825 thousand 708 TL 36 cents in May.

Finance Minister Alişan Şan, in the TV program he attended on BRT yesterday, announced that the 2023 budget has increased by 180 percent compared to the previous year, and that the deficit, which was foreseen as 3 billion 50 million TL, will be closed with the income to be obtained as a result of legal regulations and the income to be obtained from the fight against the informal economy.