Turkey recorded a Government Budget deficit equal to 2.90 percent of the country's Gross Domestic Product in 2019. source: Undersecretariat of Treasury, Turkey

Government Budget in Turkey averaged -4.71 percent of GDP from 2001 until 2019, reaching an all time high of -0.60 percent of GDP in 2006 and a record low of -33 percent of GDP in 2001. This page provides the latest reported value for - Turkey Government Budget - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Central Government Budget - values, historical data and charts - was last updated on October of 2020.

Government Budget in Turkey is expected to reach -8.50 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Central Government Budget is projected to trend around -7.10 percent of GDP in 2021 and -4.40 percent of GDP in 2022, according to our econometric models.

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Turkey Central Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-2.90 -1.90 -0.60 -33.00 2001 - 2019 percent of GDP Yearly

Turkey Government Last Previous Highest Lowest Unit
Government Debt to GDP 33.10 30.40 76.10 27.50 percent [+]
Government Budget -2.90 -1.90 -0.60 -33.00 percent of GDP [+]
Government Budget Value -29436117.00 -16104759.00 27990695.00 -41951225.00 TRY Thousand [+]
Government Spending 61578543.60 60573210.80 74875850.70 20942407.10 TRY THO [+]
Government Revenues 76876672.00 66691002.00 134819231.00 6796416.00 TRY Thousand [+]
Government Debt 1862900.00 1810400.00 1862900.00 15.00 TRY Million [+]
Fiscal Expenditure 106312789.00 82795761.00 144562290.00 11186669.00 TRY Thousand [+]
Treasury Cash Balance -30824.18 30381.41 30381.41 -46249.30 TRY Million [+]
Military Expenditure 22088.00 17824.00 22088.00 1176.00 USD Million [+]
Credit Rating 36.00 [+]

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.