Turkey recorded a Government Budget deficit equal to 3.40 percent of the country's Gross Domestic Product in 2020. source: Ministry of Treasury and Finance, 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 February of 2023.

Government Budget in Turkey is expected to reach -2.00 percent of GDP by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Central Government Budget is projected to trend around -1.50 percent of GDP in 2024 and -3.50 percent of GDP in 2025, according to our econometric models.

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Turkey Central Government Budget

Related Last Previous Unit Reference
Government Debt to GDP 42.00 39.70 percent of GDP Dec 2021
Government Budget -2.70 -3.50 percent of GDP Dec 2021
Government Budget Value -118.60 108.31 TRY Billion Dec 2022
Government Revenues 255.20 347.73 TRY Billion Dec 2022
Government Debt 4033200.00 3907900.00 TRY Million Dec 2022
Fiscal Expenditure 373.82 239.43 TRY Billion Dec 2022
Treasury Cash Balance -54310.00 -108270.00 TRY Million Jan 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
-2.70 -3.50 -0.60 -33.00 2001 - 2021 percent of GDP Yearly