Highways recoup expenses threefold

ANKARA - Anatolia News Agency

Turkey spent 14.1 billion liras in highways last year, but earned 43.5 million. DHA Photo

Turkey’s General Directorate of Highways (KGM) gained tax revenue worth 43.5 billion Turkish Liras last year from the vehicles that used the roads, bridges and highways under its authority, while KGM’s expenditure at around 14.1 billion liras was only one third of this income.

The special consumption tax (ÖTV), the value-added tax (KDV) and the motor vehicle tax (MTV) collected from vehicles on the roads under the control of KGM was worth 43,548 billion liras last year, according to data of the KGM. It also made 13.6 percent of the 2012 total budget income.

An infrastructure investment worth 11.95 billion liras was made by KGM last year, bringing its total expenses to 14,186 billion liras.

The KGM earned an income which was three times the sum of its expenditures last year, the data showed.