Turkey recorded a Government Budget deficit equal to 4.90 percent of the country's Gross Domestic Product in 2024. Government Budget in Turkey averaged -4.43 percent of GDP from 2001 until 2024, reaching an all time high of -0.60 percent of GDP in 2006 and a record low of -33.00 percent of GDP in 2001. source: Ministry of Treasury and Finance, Turkey

Government Budget in Turkey is expected to reach -4.60 percent of GDP by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Central Government Budget is projected to trend around -4.00 percent of GDP in 2027 and -4.20 percent of GDP in 2028, according to our econometric models.



Related Last Previous Unit Reference
Fiscal Expenditure 1460.42 1329.23 TRY Billion Mar 2026
Government Budget -4.90 -5.20 percent of GDP Dec 2024
Budget Balance -229.90 24.40 TRY Billion Mar 2026
Central Government Debt 14446900.00 14395800.00 TRY Million Mar 2026
Government Debt to GDP 24.70 29.30 percent of GDP Dec 2024
Government Revenues 1230.55 1353.59 TRY Billion Mar 2026
Treasury Cash Balance -251242.00 -279580.00 TRY Million Apr 2026


Turkey Central Government Budget
The Government Budget to GDP ratio is an itemized accounting of the payments received by the government (taxes and other fees) and the payments made by the government (purchases and transfer payments) relative to GDP. A budget deficit occurs when a 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
-4.90 -5.20 -0.60 -33.00 2001 - 2024 percent of GDP Yearly
NSA