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. source: Undersecretariat of Treasury, Turkey
Government Budget Value in Turkey averaged -3.15 TRY Billion from 1994 until 2021, reaching an all time high of 40.84 TRY Billion in August of 2021 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 January of 2022.
Government Budget Value in Turkey is expected to be -37.00 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.