Türkiye’s budget deficit narrows to $41.6B in 2025

Central government deficit falls 14.6% year-on-year as revenues surge 48%, Finance Ministry data shows

By Mucahithan Avcioglu

ISTANBUL (AA) - Türkiye's central government budget posted a deficit of 1.8 trillion Turkish liras ($41.6 billion) in 2025, marking a 14.6% decline compared to the previous year, according to official data released on Thursday.

A report by Türkiye’s Treasury and Finance Ministry showed that the deficit narrowed from $48.6 billion in 2024, driven by strong growth in budget revenues.

Total budget revenues reached $297.1 billion in 2025, reflecting a 48% increase year-on-year, while expenditures amounted to $338.7 billion, up 35.7%.

Non-interest expenditures stood at $291.2 billion over the year, while interest payments totaled $47.46 billion, the ministry said.

Tax revenues accounted for the bulk of income, totaling $255.82 billion in 2025.

In December alone, the central government budget recorded a deficit of $12.2 billion. During the month, revenues reached $29.17 billion, while expenditures climbed to $41.4 billion.

The data showed that the US dollar traded at an average of 42.7 Turkish liras in December and 40.97 liras throughout 2025.

Kaynak:

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