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, and special consumption tax. 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. source: Undersecretariat of Treasury, Turkey

Turkey recorded a government budget deficit of 378.10 TRY Billion in July of 2026. Government Budget Value in Turkey averaged -19.95 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 August of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-16 08:00 AM
Budget Balance
Jun TRY114.2B TRY-298.2B TRY-200.0B
2026-08-17 08:00 AM
Budget Balance
Jul TRY-378.1B TRY114.2B TRY100.0B
2026-09-15 08:00 AM
Budget Balance
Aug TRY-378.1B


Related Last Previous Unit Reference
Fiscal Expenditure 1790.50 1395.47 TRY Billion Jul 2026
Government Budget -4.70 -5.10 percent of GDP Dec 2024
Budget Balance -378.10 114.20 TRY Billion Jul 2026
Central Government Debt 15463000.00 14992505.00 TRY Million Jul 2026
Government Debt to GDP 23.80 23.60 percent of GDP Dec 2025
Government Revenues 1412.40 1509.63 TRY Billion Jul 2026
Treasury Cash Balance -395650.00 50100.00 TRY Million Jul 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
-378.10 114.20 235.20 -842.53 1994 - 2026 TRY Billion Monthly
Current Prices, NSA

News Stream
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
Turkey Budget Balance Shift to Surplus
Turkey’s central government budget posted a surplus of TRY 114.2 billion in June 2026, reversing from a deficit of TRY 330.2 billion in the same month a year earlier. Budget revenue jumped 66.0% year-on-year to TRY 1.5 trillion, fueled by a 72.0% increase in tax collections to TRY 1.3 trillion, reflecting robust growth in income tax, domestic VAT, import VAT, and special consumption tax. Meanwhile, total expenditures rose 12.6% to TRY 1.4 trillion, driven by higher personnel spending, goods and services purchases, and current transfers. Non-interest expenditures increased 23.9% to TRY 1.2 trillion, while interest payments declined 26.9% to TRY 201.6 billion. As a result, the primary balance swung to a surplus of TRY 315.8 billion from a deficit of TRY 54.5 billion a year earlier.
2026-07-16
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