Turkey posted a TRY 144 billion surplus in May of 2022, the highest on record and compared to a TRY 13.37 billion deficit in the corresponding month of the previous year. Government revenues were TRY 317.8 billion, of which TRY 289.7 billion was tax income. Meanwhile, spending surged 47 percent from a year earlier to TRY 173.8 billion. The January-May surplus was TRY 124.6 billion and the primary surplus reached TRY 246.5 billion in the first five months of 2022, indicating the budget deficit-to-GP target of 3.5% could be attained according to Finance Minister Nureddin Nebati. source: Undersecretariat of Treasury, Turkey
Government Budget Value in Turkey averaged -2.74 TRY Billion from 1994 until 2022, reaching an all time high of 143.98 TRY Billion in May of 2022 and a record low of -145.74 TRY Billion in December of 2021. 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 2022.
Government Budget Value in Turkey is expected to be -16.00 TRY Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Central Government Budget Balance is projected to trend around -21.00 TRY Billion in 2023, according to our econometric models.