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Türkiye posts $2.37B budget surplus in August: Treasury

Bundles of Turkish lira banknotes are stacked inside a depot in Türkiye. (AA Photo)
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Bundles of Turkish lira banknotes are stacked inside a depot in Türkiye. (AA Photo)
September 15, 2025 01:49 PM GMT+03:00

Türkiye’s central government budget posted a surplus of ₺96.7 billion ($2.37 billion) in August, reversing a deficit recorded in the same month last year, Treasury and Finance Ministry data showed on Monday.

Budget revenues reached ₺1.3 trillion, while expenditures stood at ₺1.19 trillion. The non-interest budget balance, which excludes debt servicing costs, recorded a surplus of ₺276.4 billion in August.

Higher revenues drive turnaround

The Treasury reported that tax revenues amounted to ₺1.15 trillion in the month, almost double the level from August 2024. Non-tax revenues under the general budget totaled ₺113.4 billion.

Expenditures rose to ₺1.19 trillion in August, up 45% from a year earlier. Interest payments alone accounted for ₺179.7 billion. Despite this increase, revenues grew at a faster pace, allowing the government to post a monthly surplus.

Exterior view of the main building of Türkiyes Ministry of Treasury and Finance in Ankara, Türkiye. (AA Photo)
Exterior view of the main building of Türkiyes Ministry of Treasury and Finance in Ankara, Türkiye. (AA Photo)

Eight-month deficit declines to $23.7B

For the January–August period, however, the central budget ran a cumulative deficit of ₺907.6 billion. Revenues in the first eight months reached ₺7.98 trillion, while expenditures totaled ₺8.89 trillion.

The non-interest balance for the eight months showed a surplus of ₺518 billion.

September 15, 2025 01:49 PM GMT+03:00
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