Turkey recorded a Government Budget deficit equal to 3.40 percent of the country's Gross Domestic Product in 2020. source: Undersecretariat of Treasury, Turkey

Government Budget in Turkey averaged -4.62 percent of GDP from 2001 until 2020, reaching an all time high of -0.60 percent of GDP in 2006 and a record low of -33 percent of GDP in 2001. This page provides the latest reported value for - Turkey Government Budget - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Central Government Budget - values, historical data and charts - was last updated on July of 2021.

Government Budget in Turkey is expected to reach -7.10 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Central Government Budget is projected to trend around -4.40 percent of GDP in 2022 and -3.00 percent of GDP in 2023, according to our econometric models.

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Turkey Central Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-3.40 -2.90 -0.60 -33.00 2001 - 2020 percent of GDP Yearly
NSA

Turkey Government Last Previous Highest Lowest Unit
Government Debt to GDP 39.50 32.60 75.50 27.40 percent of GDP [+]
Government Budget -3.40 -2.90 -0.60 -33.00 percent of GDP [+]
Government Budget Value -25.03 -13.37 28.22 -43.72 TRY Billion [+]
Government Spending 61363117.10 78810997.60 78810997.60 20942407.10 TRY THO [+]
Government Revenues 88.35 104.57 134.93 0.04 TRY Billion [+]
Government Debt 2001434.00 1949520.00 2001434.00 15.00 TRY Million [+]
Fiscal Expenditure 113.38 117.94 138.25 0.04 TRY Billion [+]
Treasury Cash Balance -7220.84 -29102.30 40984.16 -46826.70 TRY Million [+]
Military Expenditure 19567.00 20603.00 20603.00 999.00 USD Million [+]
Credit Rating 35.00 [+]


Turkey Central Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.