Türkiye's general government deficit falls to 0.9% of GDP in 2025
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13 oC
Güneşli
13 oC
Güneşli
Türkiye's general government deficit fell to 0.9% of gross domestic product (GDP) in 2025 from 3.4% a year earlier, official data showed.
The general government deficit stood at 600.4 billion Turkish liras ($15.0 billion), according to the data.
Social security funds and local governments recorded surpluses in 2025, while the central government sector posted a deficit.
The general government's consolidated gross debt stock rose to 23.7% of GDP in 2025, the data showed.
General government revenue rose to 21.43 trillion liras in 2025, equivalent to 33.9% of GDP.
Total expenditure reached 22.03 trillion liras, with its share of GDP declining to 34.8%.
Tax and social contribution receipts increased to 17.0 trillion liras during the year.
Taxes on production and imports accounted for 44.5% of total tax and social contribution receipts, down from 46.6% in 2024.
The share of net social contributions fell to 27.1%, while current taxes on income and wealth and other current taxes rose to 28.3%.
Capital taxes accounted for 0.1% of total receipts, unchanged from the previous year. (ILKHA)
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