Government Spending in Turkey increased to 78810997.60 TRY THO in the fourth quarter of 2020 from 62201954 TRY THO in the third quarter of 2020. source: Turkish Statistical Institute

Government Spending in Turkey averaged 40317114.28 TRY THO from 1998 until 2020, reaching an all time high of 78810997.60 TRY THO in the fourth quarter of 2020 and a record low of 20942407.10 TRY THO in the first quarter of 1998. This page provides the latest reported value for - Turkey Government Spending - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Government Spending - values, historical data and charts - was last updated on May of 2021.

Government Spending in Turkey is expected to be 62800000.00 TRY THO by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Turkey to stand at 79900000.00 in 12 months time. In the long-term, the Turkey Government Spending is projected to trend around 77500000.00 TRY THO in 2022 and 75100000.00 TRY THO in 2023, according to our econometric models.

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Turkey Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
78810997.60 62201954.00 78810997.60 20942407.10 1998 - 2020 TRY THO Quarterly
Constant Prices 2009, NSA

Turkey Government Last Previous Highest Lowest Unit
Government Debt to GDP 39.50 32.60 75.50 27.40 percent [+]
Government Budget -3.40 -2.90 -0.60 -33.00 percent of GDP [+]
Government Budget Value 23.76 23.17 28.22 -43.72 TRY Billion [+]
Government Spending 78810997.60 62201954.00 78810997.60 20942407.10 TRY THO [+]
Government Revenues 134.93 119.58 134.93 0.04 TRY Billion [+]
Government Debt 1950049.00 1859849.00 1950049.00 15.00 TRY Million [+]
Fiscal Expenditure 111.16 96.41 138.25 0.04 TRY Billion [+]
Treasury Cash Balance -13291.93 40984.16 40984.16 -46826.70 TRY Million [+]
Military Expenditure 20796.00 19649.00 20796.00 1021.00 USD Million [+]
Credit Rating 35.00 [+]

Turkey Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.