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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Turkey's Current Account Deficit Reaches $5.15 Bln in February

A general view of the skyline of Turkey's business district in central Istanbul October 5, 2005. REUTERS/Fatih Saribas

Turkey's current account registered a deficit of $5.15 billion in February, more than double the amount in the same month last year, data from the central bank showed on Monday, as the soaring cost of energy imports widens the shortfall.

Wiping out Turkey's chronic current account deficit, at $14.9 billion in 2021, has been one of the main goals under President Recep Tayyip Erdogan's new economic program that also prioritizes growth, exports and employment with low rates.

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