Turkey recorded a government budget deficit of TRY 25 billion in June of 2021, little changed from a TRY 19.3 billion a year earlier. Expenditure jumped 32.4 percent to TRY 113.4 billion and revenues increased 33.3 percent to TRY 88.4 billion. source: Undersecretariat of Treasury, Turkey

Government Budget Value in Turkey averaged -2.72 TRY Billion from 1994 until 2021, reaching an all time high of 28.22 TRY Billion in August of 2020 and a record low of -43.72 TRY Billion in March of 2020. 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 July of 2021.

Government Budget Value in Turkey is expected to be -33.00 TRY Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Turkey to stand at -16.00 in 12 months time. In the long-term, the Turkey Central Government Budget Balance is projected to trend around -31.00 TRY Billion in 2022 and -21.00 TRY Billion in 2023, according to our econometric models.

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Turkey Central Government Budget Balance

Actual Previous Highest Lowest Dates Unit Frequency
-25.03 -13.37 28.22 -43.72 1994 - 2021 TRY Billion Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-15 08:00 AM Mar TRY23.8B TRY23.17B TRY -53B
2021-05-17 08:00 AM Apr TRY-16.9B TRY23.8B TRY19.5B
2021-06-15 08:00 AM May TRY-13.4B TRY-16.9B TRY-12B
2021-07-16 08:00 AM Jun TRY-25.03B TRY-13.4B TRY-19B
2021-08-16 08:00 AM Jul TRY-25.03B
2021-09-15 08:00 AM Aug
2021-10-15 08:00 AM Sep TRY -33B
2021-11-15 08:00 AM Oct


News Stream
Turkey Budget Gap Little Changed in June
Turkey recorded a government budget deficit of TRY 25 billion in June of 2021, little changed from a TRY 19.3 billion a year earlier. Expenditure jumped 32.4 percent to TRY 113.4 billion and revenues increased 33.3 percent to TRY 88.4 billion.
2021-07-16
Turkish Government Deficit Narrows in May
Turkey's government deficit narrowed to TRY 13.37 billion in May 2021, from TRY 17.30 billion in the same month last year. Total expenditure surged 38.0 percent to TRY 117.94 billion, while revenues jumped 53.4 percent to TRY 104.57 billion.
2021-06-15
Turkish Government Budget Deficit Narrows in April
Turkey's government deficit narrowed to TRY 16.92 billion in April 2021, from TRY 43.20 billion in the same month last year. Total expenditure rose 2.1 percent to TRY 110.71 billion, while revenues jumped 43.8 percent to TRY 93.79 billion. The primary balance, which excludes interest payments, posted a surplus of TRY 1.67 billion in April.
2021-05-17
Turkish Government Budget Balance Swings to Surplus
Turkey's government posted a budget surplus of TRY 23.76 billion in March 2021, compared with a TRY 43.72 billion deficit in the same month last year. Total expenditure rose 21.9 percent to TRY 111.16 billion, while revenues jumped 184.4 percent to TRY 134.93 billion. The primary balance, which excludes interest payments, showed a surplus of TRY 38.0 billion in March.
2021-04-15

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.