Turkey is expected to record a budget deficit equivalent to 1.4 percent of GDP in 2015, according to European Commission’s Winter 2016 Economic Forecast. Government Budget in Turkey averaged -5.78 percent of GDP from 2001 until 2014, reaching an all time high of 0.80 percent of GDP in 2006 and a record low of -33 percent of GDP in 2001. Government Budget in Turkey is reported by the Ministry of Economy, Turkey. 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. 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.
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