September 16 (SeeNews) - Turkey turned to a budet surplus o 231 million Turkish lira ($116 million/87 million euro) in the first eight months of 2013 from a budget gap of 8.5 billion a year earlier, the country's finance ministry said Monday.
Budget revenue increased 17.9% on the year to 259.9 billion lira through August, while budget spending rose 13.4% to 259.7 billion lira, the ministry said in a statement.
In August alone, Turkey's budget gap expanded to 3.1 billion lira from 1.6 billion lira a year earlier as budget revenue rose 5.5% year-on-year to 31.9 billion lira and budget spending grew 10.1% to 35.1 billion lira, according to the statement.
In July, the country turned into a budget surplus of 312 million lira against a budget deficit of 246 million lira a year ago. Budget revenue surged 32.2% on the year and budget spending rose 29.9%.
(1 euro = 2.6634 Turkish lira)