Live Updates > Live Update Details
2025-12-15 16:30:38
[Turkey's Central Government Budget Turns to Surplus in November] ⑴ Turkey's central government budget for November 2025 recorded a surplus of 169.5 billion lira, compared to a deficit of 16.6 billion lira in the same period last year. ⑵ Total budget expenditure increased by 30.7% year-on-year to 1.25 trillion lira, mainly driven by a significant increase in non-interest expenditure, which jumped 39.8% to 1.13 trillion lira, while interest payments decreased by 19.4% to 117.9 billion lira. ⑶ Meanwhile, budget revenue increased by 51.1% to 1.42 trillion lira, mainly supported by a 55.3% increase in tax revenue to 1.27 trillion lira. ⑷ The tax revenue growth was mainly due to strong growth in income tax, corporate tax, domestic value-added tax, and bank and insurance transaction taxes. ⑸ The primary fiscal balance was also strengthened, recording a surplus of 287.4 billion lira in November 2025, higher than the 129.7 billion lira in the same period last year.
