Turkey recorded a government budget deficit of 16104759 TRY Thousand in May of 2020.

Government Budget Value in Turkey averaged -4047521.31 TRY Thousand from 1985 until 2020, reaching an all time high of 20773054 TRY Thousand in January of 2020 and a record low of -41951225 TRY Thousand in March of 2020. This page provides - Turkey Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Turkey Government Budget Value - values, historical data and charts - was last updated on July of 2020. source: Central Bank of the Republic of Turkey

Government Budget Value in Turkey is expected to be -16700000.00 TRY Thousand 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 -30700000.00 in 12 months time. In the long-term, the Turkey Government Budget Value is projected to trend around -38000000.00 TRY Thousand in 2021 and -32000000.00 TRY Thousand in 2022, according to our econometric models.

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Turkey Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-16104759.00 -37892546.00 20773054.00 -41951225.00 1985 - 2020 TRY Thousand Monthly
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Turkey Government Budget Value
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. Until 2005, data are cumulative.