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Türkiye’s central government recorded a budget surplus of ₺169.48 billion ($3.96 billion) in November, the Treasury and Finance Ministry announced on Monday, bringing the cumulative deficit for the January–November period down to ₺1.27 trillion ($29.74 billion).
In November last year, the budget had posted a surplus of ₺129.65 billion, while the cumulative deficit at the time stood at ₺1.27 trillion.
According to the figures, total budget expenditures amounted to ₺1.25 trillion in November, up 30.7% compared to the same month last year, while revenues were higher at ₺1.42 trillion, marking a 51.1% increase.
Over the first 11 months of the year, expenditures rose 41.6% to ₺12.84 trillion ($300.67 billion), while revenues increased 48.5% to ₺11.57 trillion, covering all categories of public income, including tax revenues and non-tax sources such as property sales, transfers, and privatization proceeds.
By the end of November, approximately 87.2% of the ₺14.73 trillion central government budget appropriation projected for 2025 had been utilized.
The non-interest budget balance, seen as a clearer indicator of fiscal discipline as it excludes interest payments, posted a ₺287.4 billion surplus in November, with non-interest expenditures totaling ₺1.13 trillion, 39,8%. Over the January–November period, the non-interest surplus reached ₺666.7 billion ($15.61 billion), while cumulative non-interest expenditures amounted to ₺10.90 trillion, up 38.5%.
Tax revenues dominated total income in November, reaching ₺1.27 trillion with a 55.3% year-over-year increase, while non-tax revenues under the general budget amounted to ₺118.63 billion, with a 21.4%.
Over the January–November period, total tax revenue collection rose 51.6% from a year earlier to ₺10.02 trillion.
Compared to the same period last year, income tax collection rose sharply by 88.3% in the January–November period, leading all other tax categories in growth, followed by a 63.4% increase in fees and a 63.2% rise in the banking and insurance transaction tax.
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