Economics
Turkey’s Budget Falls Deeper in the Red as Pandemic Hits Revenue
A street vendor sells Turkish national flags in the Eminonu district of Istanbul.
Photographer: Kerem Uzel/BloombergThis article is for subscribers only.
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Turkey posted a budget deficit for a sixth month, as the government ramped up spending to support an economy paralyzed by the coronavirus pandemic and allowed for tax deferrals that chipped away at revenue.