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.

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Turkey Central Government Budget Balance

Actual Previous Highest Lowest Dates Unit Frequency
-24.15 -40.69 28.22 -43.72 1994 - 2021 TRY Billion Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2015-11-16 09:30 AM Oct TRY 7.2B TRY-14.2B
2021-01-15 01:20 PM Dec TRY-40.7B TRY13.4B TRY -56B
2021-02-15 08:00 AM Jan TRY-24.15B TRY-40.7B TRY12.2B
2021-03-15 08:00 AM Feb TRY-24.15B TRY-16.0B
2021-04-15 08:00 AM Mar TRY -53B
2021-05-17 08:00 AM Apr
2021-06-15 08:00 AM May
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Turkey Government Budget Balance Swings to Deficit
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.
2021-02-15
Turkey Budget Gap Widens in December
Turkey's government budget deficit widened sharply to TRY 40.69 billion in December 2020, from TRY 30.75 billion in the same month last year. Total expenditure rose 32.8 percent year-on-year to an all-time high of TRY 138.25 billion, while receipts increased 33.1 percent to TRY 97.56 billion. Considering 2020 full year, the budget deficit widened sharply to TRY 173 billion from TRY 124 billion in 2019, amid efforts to curb the spread of COVID and support businesses and households affected by the pandemic.
2021-01-15

Turkey Central Government Budget Balance
The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.