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 September 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

Actual Previous Highest Lowest Dates Unit Frequency
-3.40 -2.90 -0.60 -33.00 2001 - 2020 percent of GDP Yearly

Turkey Government Last Previous Highest Lowest Unit
Government Debt to GDP 39.50 32.60 75.50 27.40 percent of GDP [+]
Government Budget -3.40 -2.90 -0.60 -33.00 percent of GDP [+]
Government Budget Value 40.84 -45.80 40.84 -45.80 TRY Billion [+]
Government Spending 63792599.80 60363650.40 77265678.00 20942407.10 TRY THO [+]
Government Revenues 146.54 95.28 146.54 0.04 TRY Billion [+]
Government Debt 2041704.00 2032297.00 2043886.00 15.00 TRY Million [+]
Fiscal Expenditure 105.70 141.08 141.08 0.04 TRY Billion [+]
Treasury Cash Balance 64259.30 -68008.37 64259.30 -68008.37 TRY Million [+]
Credit Rating 35.00 [+]
Military Expenditure 19567.00 20603.00 20603.00 999.00 USD Million [+]

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.