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.

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Turkey Central Government Budget Balance


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
-145.74 32.00 40.84 -145.74 1994 - 2021 TRY Billion Monthly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2021-12-15 08:00 AM Nov TRY32B TRY-17.41B TRY25.1B
2022-01-17 08:00 AM Dec TRY-145.74B TRY32B TRY-28B
2022-02-15 08:00 AM Jan TRY-145.74B TRY-46.8B


Related Last Previous Unit Reference
Government Debt to GDP 39.50 32.60 percent of GDP Dec/20
Government Budget -3.40 -2.90 percent of GDP Dec/20
Government Budget Value -145.74 32.00 TRY Billion Dec/21
Government Revenues 135.07 167.76 TRY Billion Dec/21
Government Debt 2747700.00 2707800.00 TRY Million Dec/21
Fiscal Expenditure 280.81 135.76 TRY Billion Dec/21
Treasury Cash Balance -92097.97 30282.18 TRY Million Dec/21


News Stream
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
Turkey Budget Surplus Widens in November
Turkey's government surplus widened to TRY 32.0 billion in November 2021, from TRY 13.43 billion in the same month last year. Total revenues jumped 52.9 percent to TRY 167.76 billion, while expenditure rose 40.9 percent to TRY 135.76 billion. The primary balance, which excludes interest payments, posted a surplus of TRY 47.32 billion in November.
2021-12-15
Turkey Budget Gap Widens in October
Turkey's government deficit rose significantly to TRY 17.41 billion in October 2021, from TRY 4.90 billion in the same month last year. Total expenditure increased by 34.6 percent to TRY 131.42 billion, while revenues rose at a slower 22.9 percent to TRY 114.02 billion. The primary balance, which excludes interest payments, posted a deficit of TRY 3.11 billion in October of 2021, compared with a TRY 6.86 billion surplus seen a year earlier.
2021-11-15