Turkey’s central government posted a budget deficit of TRY 298.2 billion in May 2026, compared with a surplus of TRY 235.2 billion a year earlier. Total spending rose 27.0% year-on-year to TRY 1.38 trillion, driven by increases in personnel costs (+48.1%), social security contributions (+52.6%), current transfers, capital expenditure, and goods and services purchases. Non-interest expenditures increased 28.3% to TRY 1.26 trillion, while interest payments rose 16.0% to TRY 128.9 billion. On the revenue side, inflows fell 18.0% to TRY 1.09 trillion, weighed by a 22.1% drop in tax receipts to TRY 931.5 billion, reflecting broad-based declines across key categories, including income tax, VAT, and special consumption tax, despite gains in banking and insurance taxes and customs-related revenues. As a result, the primary balance shifted to a deficit of TRY 169.3 billion from a surplus of TRY 346.4 billion a year earlier. source: Undersecretariat of Treasury, Turkey

Turkey recorded a government budget deficit of 298.20 TRY Billion in May of 2026. Government Budget Value in Turkey averaged -19.37 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 June of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-15 08:00 AM
Budget Balance
Apr TRY-338.7B TRY-229.9B
2026-06-15 08:00 AM
Budget Balance
May TRY-298.2B TRY-338.7B TRY-300.0B
2026-07-16 08:00 AM
Budget Balance
Jun TRY-298.2B


Related Last Previous Unit Reference
Fiscal Expenditure 1384.39 1524.89 TRY Billion May 2026
Government Budget -4.90 -5.20 percent of GDP Dec 2024
Budget Balance -298.20 -338.70 TRY Billion May 2026
Central Government Debt 14989141.00 14766764.00 TRY Million May 2026
Government Debt to GDP 23.80 23.60 percent of GDP Dec 2025
Government Revenues 1086.17 1186.16 TRY Billion May 2026
Treasury Cash Balance -128350.00 -251242.00 TRY Million May 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
-298.20 -338.70 235.20 -842.53 1994 - 2026 TRY Billion Monthly
Current Prices, NSA

News Stream
Turkey Budget Balance Swings to Deficit
Turkey’s central government posted a budget deficit of TRY 298.2 billion in May 2026, compared with a surplus of TRY 235.2 billion a year earlier. Total spending rose 27.0% year-on-year to TRY 1.38 trillion, driven by increases in personnel costs (+48.1%), social security contributions (+52.6%), current transfers, capital expenditure, and goods and services purchases. Non-interest expenditures increased 28.3% to TRY 1.26 trillion, while interest payments rose 16.0% to TRY 128.9 billion. On the revenue side, inflows fell 18.0% to TRY 1.09 trillion, weighed by a 22.1% drop in tax receipts to TRY 931.5 billion, reflecting broad-based declines across key categories, including income tax, VAT, and special consumption tax, despite gains in banking and insurance taxes and customs-related revenues. As a result, the primary balance shifted to a deficit of TRY 169.3 billion from a surplus of TRY 346.4 billion a year earlier.
2026-06-15
Turkey Budget Deficit Widens in April
Turkey’s central government budget posted a deficit of TRY 338.7 billion in April 2026, almost doubling from TRY 174.7 billion a year earlier as expenditure growth outpaced revenues. Total spending rose 34.7% year-on-year to TRY 1.52 trillion, driven by increases in personnel costs, current transfers, capital expenditure, and goods and services purchases. Non-interest expenditures also climbed 45.4% to TRY 1.27 trillion, while interest payments slipped 1.2% to TRY 257.6 billion. On the revenue side, inflows increased 23.9% to TRY 1.19 trillion, supported by a 28.5% rise in tax receipts to TRY 1.01 trillion, boosted by gains in income tax, VAT (domestic and import), stamp duty, and banking and insurance transaction taxes. As a result, the primary balance shifted to a deficit of TRY 81.1 billion from a surplus of TRY 85.9 billion a year earlier, reflecting faster growth in non-interest spending relative to revenues.
2026-05-15
Turkey Budget Deficit Narrows in March
Turkey’s central government budget deficit narrowed to TRY 229.9 billion in March 2026 from TRY 261.5 billion in the same month a year earlier. Budget revenues surged 60.6% year-on-year to TRY 1.23 trillion, supported by a 63.9% jump in tax collections to TRY 1.06 trillion, driven by strong increases in income tax, domestic VAT, VAT on imports, and special consumption tax receipts. Meanwhile, total expenditures rose 42.1% to TRY 1.46 trillion, led by higher current transfers, personnel spending, and interest payments. Non-interest expenditures increased 41.3% to TRY 1.22 trillion, while interest payments climbed 46.3% to TRY 236.0 billion, reflecting rising debt-servicing costs. Despite the deficit, the primary balance returned to a surplus of TRY 6.1 billion, compared with a deficit of TRY 100.2 billion a year earlier, supported by strong revenue growth outpacing non-interest spending.
2026-04-15