Turkey’s central government posted a budget deficit of TRY 532.2 billion in September 2026, widening from the TRY 309.6 billion deficit in the corresponding month of the previous year, as expenditures increased faster than revenues. Total expenditures rose by 34.1% year-on-year to TRY 1,785.4 billion, mainly due to increases in current transfers (48.7%), personnel expenses (24.5%), capital expenditures (34.6%), and expenses for purchases of goods and services (60.8%). Meanwhile, total revenues rose by 22.7% to TRY 1,253.1 billion, driven by a 21.8% increase in tax collections to TRY 1,074.1 billion. Higher receipts from income tax, import VAT, and domestic VAT were among the main contributors. The primary deficit widened sharply to TRY 269.2 billion in September, from TRY 73.0 billion a year earlier. source: Undersecretariat of Treasury, Turkey

Turkey recorded a government budget deficit of 532.20 TRY Billion in September of 2026. Government Budget Value in Turkey averaged -21.17 TRY Billion from 1994 until 2026, reaching an all time high of 235.20 TRY Billion in May of 2025 and a record low of -842.53 TRY Billion in December of 2023. 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 October of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-15 08:00 AM
Budget Balance
Aug TRY12.9B TRY-378.1B
2026-10-15 08:00 AM
Budget Balance
Sep TRY-532.2B TRY12.9B TRY-260.0B
2026-11-16 08:00 AM
Budget Balance
Oct TRY-532.2B


Related Last Previous Unit Reference
Fiscal Expenditure 1785.39 1642.06 TRY Billion Sep 2026
Government Budget -0.80 -4.70 percent of GDP Dec 2025
Budget Balance -532.20 12.90 TRY Billion Sep 2026
Central Government Debt 15893830.00 15471321.00 TRY Million Aug 2026
Government Debt to GDP 23.70 23.60 percent of GDP Dec 2025
Government Revenues 1253.15 1654.91 TRY Billion Sep 2026
Treasury Cash Balance -467200.00 49820.00 TRY Million Sep 2026


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
-532.20 12.90 235.20 -842.53 1994 - 2026 TRY Billion Monthly
Current Prices, NSA

News Stream
Turkey Budget Deficit Widens in September
Turkey’s central government posted a budget deficit of TRY 532.2 billion in September 2026, widening from the TRY 309.6 billion deficit in the corresponding month of the previous year, as expenditures increased faster than revenues. Total expenditures rose by 34.1% year-on-year to TRY 1,785.4 billion, mainly due to increases in current transfers (48.7%), personnel expenses (24.5%), capital expenditures (34.6%), and expenses for purchases of goods and services (60.8%). Meanwhile, total revenues rose by 22.7% to TRY 1,253.1 billion, driven by a 21.8% increase in tax collections to TRY 1,074.1 billion. Higher receipts from income tax, import VAT, and domestic VAT were among the main contributors. The primary deficit widened sharply to TRY 269.2 billion in September, from TRY 73.0 billion a year earlier.
2026-10-15
Turkey Budget Surplus Narrows in August
Turkey’s central government budget posted a surplus of TRY 12.9 billion in August 2026, narrowing sharply from a surplus of TRY 96.7 billion in the same month a year earlier. Total expenditures surged 37.8% year-on-year to TRY 1.6 trillion, driven by higher spending on current transfers (+39.0%), personnel costs (+42.0%), social security contributions (+47.9%), purchases of goods and services (+32.6%), and capital expenditures (+17.3%). Non-interest expenditures increased 42.8% to TRY 1.4 trillion, while interest payments rose 9.7% to TRY 197.1 billion. Meanwhile, revenues jumped 28.5% year-on-year to TRY 1.7 trillion, fueled by a 28.1% increase in tax collections to TRY 1.5 trillion, with income tax, corporate income tax, domestic VAT, and import VAT all recording strong growth. As a result, the primary surplus narrowed to TRY 209.9 billion from TRY 276.4 billion a year earlier.
2026-09-15
Turkey Budget Deficit Largest in 7 Months
Turkey’s central government budget posted a deficit of TRY 378.1 billion in July 2026, widening sharply from TRY 23.9 billion in the same month a year earlier. This marked the largest budget deficit since December 2025, as total expenditures surged 59.8% to TRY 1.8 trillion, driven by higher spending on current transfers (+57.2%), personnel costs (+43.3%), social security contributions (+48.2%), purchases of goods and services, and capital expenditure. Non-interest expenditures increased 48.4% to TRY 1.5 trillion, while interest payments climbed 142.8% to TRY 326.8 billion. Meanwhile, revenues jumped 28.8% year-on-year to TRY 1.4 trillion, fueled by a 30.0% increase in tax collections to TRY 1.2 trillion, reflecting robust growth in income tax, domestic VAT, import VAT, special consumption tax, banking and insurance taxes, and customs-related revenues. As a result, the primary balance swung to a deficit of TRY 51.3 billion from a surplus of TRY 110.7 billion a year earlier.
2026-08-17