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.

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Turkey Central Government Budget Balance



Calendar GMT Actual Previous Consensus TEForecast
2022-05-16 08:00 AM Apr TRY-50.17B TRY-68.97B TRY-32B
2022-06-15 08:00 AM May TRY143.98B TRY-50.17B TRY16B
2022-07-15 08:00 AM Jun TRY143.98B TRY -16B


Related Last Previous Unit Reference
Government Debt to GDP 42.00 39.70 percent of GDP Dec 2021
Government Budget -2.70 -3.50 percent of GDP Dec 2021
Government Budget Value 143.98 -50.17 TRY Billion May 2022
Government Revenues 317.75 164.11 TRY Billion May 2022
Government Debt 3363604.00 3125375.00 TRY Million May 2022
Fiscal Expenditure 173.78 214.28 TRY Billion May 2022
Treasury Cash Balance 149230.00 -43670.00 TRY Million May 2022

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
143.98 -50.17 143.98 -145.74 1994 - 2022 TRY Billion Monthly
Current Prices, NSA

News Stream
Turkey Posts Record Budget Surplus
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.
2022-06-15
Turkey Budget Deficit Widens in March
Turkey's government deficit widened to TRY 50.1 billion in April 2022 from TRY 16.9 billion in the same month last year. Total expenditure surged to TRY 214.2 billion vs. TRY 110.7 billion a year ago as the country was in the midst of the slumping lira and jumping inflation, while revenues were set at TRY 116.1 billion compared to TRY 93.79 billion in April 2021.
2022-05-16
Turkey Posts Largest Budget Deficit on Record
Turkey's government deficit widened to TRY 145.74 billion in December 2021, the largest on record, from TRY 40.69 billion in the same month last year. Total expenditure jumped 103.1 percent to an all-time high of TRY 280.81 billion as the country was in the midst of an economic crisis amid a slumping lira and skyrocketing inflation, while revenues increased 38.5 percent to TRY 135.07 billion. The primary balance, which excludes interest payments, posted a deficit of TRY 136.78 billion in December.
2022-01-17