Turkey's government deficit narrowed to TRY 119 billion in December 2022, from TRY 146 billion in the same month last year. Total revenues rose 97 percent to TRY 255.2 billion, with tax income surging 90 percent to TRY 212 billion. Total expenditure rose 31.3 percent to TRY 374 billion and spending excluding interest payments was TRY 356 billion, rising an annual 29 percent. At the same time, the primary balance, which excludes interest payments, posted a deficit of TRY 100.4 billion in December. source: Undersecretariat of Treasury, Turkey

Government Budget Value in Turkey averaged -3.44 TRY Billion from 1994 until 2022, reaching an all time high of 143.98 TRY Billion in May of 2022 and a record low of -145.74 TRY Billion in December of 2021. 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 2023.

Government Budget Value in Turkey is expected to be -63.00 TRY Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Turkey Central Government Budget Balance



Calendar GMT Actual Previous Consensus TEForecast
2022-12-15 08:00 AM Nov TRY108.31B TRY-83.25B TRY-42B
2023-01-16 08:00 AM Dec TRY-118.6B TRY108.31B TRY -127B
2023-02-15 08:00 AM Jan TRY-118.6B


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 -108270.00 99640.00 TRY Million Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-118.60 108.31 143.98 -145.74 1994 - 2022 TRY Billion Monthly
Current Prices, NSA

News Stream
Turkey Budget Deficit Narrows in December
Turkey's government deficit narrowed to TRY 119 billion in December 2022, from TRY 146 billion in the same month last year. Total revenues increase 97 percent to TRY 255.2 billion, with tax income surging 90 percent to TRY 212 billion. Total expenditure rose 31.3 percent to TRY 374 billion and spending excluding interest payments was TRY 356 billion, rising an annual 29 percent. At the same time, the primary balance, which excludes interest payments, posted a deficit of TRY 100.4 billion in December.
2023-01-16
Turkey Budget Surplus Widens in November
Turkey's government surplus widened to TRY 108.3 billion in November 2022, from TRY 32 billion in the same month last year. Total revenues increased 107.3 percent to TRY 348 billion, with tax income surging 110 percent to TRY 312 billion. At the same time, the primary balance, which excludes interest payments, posted a surplus of TRY 133 billion in November, while total expenditure rose 76.4 percent to TRY 239.4 billion.
2022-12-15
Turkey Budget Deficit Remains Elevated
Turkey's government gap widened to TRY 83.3 billion in October 2022, from TRY 17.4 billion in the same month last year, and marking the second consecutive month of a deficit in budget value. Total expenditure jumped 134 percent to a near record high of TRY 307.4 billion, as the country faces an economic crisis amid a slumping lira and very high inflation (85.5%). Spending excluding interest payments was TRY 246.3 billion, rising an annual 110.3 percent. At the same time, revenues increased 96.6 percent to TRY 224.2 billion, with tax income surging 89.2 percent to TRY 182 billion. The primary balance, which excludes interest payments, posted a deficit of TRY 22.1 billion in October.
2022-11-15