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 December 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

Related Last Previous Unit Reference
Government Debt to GDP 39.50 32.60 percent of GDP Dec/20
Government Budget -3.40 -2.90 percent of GDP Dec/20
Government Budget Value -17.41 -23.59 TRY Billion Oct/21
Government Revenues 114.02 117.92 TRY Billion Oct/21
Government Debt 2268700.00 2181100.00 TRY Million Oct/21
Fiscal Expenditure 131.42 141.51 TRY Billion Oct/21
Treasury Cash Balance 30282.18 -5264.27 TRY Million Nov/21
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.