Turkey recorded a Government Budget deficit equal to 2 percent of the country's Gross Domestic Product in 2018. Government Budget in Turkey averaged -4.81 percent of GDP from 2001 until 2018, reaching an all time high of -0.60 percent of GDP in 2006 and a record low of -33 percent of GDP in 2001. source: Undersecretariat of Treasury, Turkey

Government Budget in Turkey is expected to be -2.30 percent of GDP 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 is projected to trend around -2.40 percent of GDP in 2020, according to our econometric models.

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Turkey Central Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-2.00 -1.50 -0.60 -33.00 2001 - 2018 percent of GDP Yearly
NSA


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.

Turkey Government Last Previous Highest Lowest Unit
Government Debt to GDP 30.40 28.30 76.10 27.60 percent [+]
Government Budget -2.00 -1.50 -0.60 -33.00 percent of GDP [+]
Government Budget Value 6181359.00 -13236708.00 13023775.00 -39815859.00 TRY Thousand [+]
Government Spending 62035475.80 62042024.50 72908722.10 20942407.10 TRY THO [+]
Government Revenues 80810612.00 63759598.00 134819231.00 6796416.00 TRY Thousand [+]
Government Debt 1328752.00 1274187.00 1328752.00 15.00 TRY Million [+]
Fiscal Expenditure 74629253.00 76996306.00 144562290.00 11186669.00 TRY Thousand [+]
Credit Rating 36.00 [+]
Treasury Cash Balance -36764.79 7891.91 25738.65 -36764.79 TRY Million [+]
Military Expenditure 22088.00 17824.00 22088.00 1176.00 USD Million [+]