Turkey's government posted a budget deficit of TRY 24.15 billion in January 2021, compared with a TRY 21.5 billion surplus in the same month last year. Total expenditure rose 13.0 percent to TRY 113.8 billion, while revenues slumped 26.7 percent to TRY 89.6 billion due to the COVID-19 crisis. The primary balance, which excludes interest payments, showed a deficit of TRY 2.21 billion in January. source: Undersecretariat of Treasury, Turkey
Government Budget Value in Turkey averaged -2.74 TRY Billion from 1994 until 2021, reaching an all time high of 28.22 TRY Billion in August of 2020 and a record low of -43.72 TRY Billion in March of 2020. This page provides - Turkey Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Turkey Central Government Budget Balance - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Government Budget Value in Turkey is expected to be -36.00 TRY Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Turkey to stand at -34.00 in 12 months time. In the long-term, the Turkey Central Government Budget Balance is projected to trend around -32.00 TRY Billion in 2022 and -31.00 TRY Billion in 2023, according to our econometric models.