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FX.co ★ Turkey’s Budget Gap Widens Sharply in April as Deficit Nears TRY 339 Billion

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typeContent_19130:::2026-05-15T08:00:00

Turkey’s Budget Gap Widens Sharply in April as Deficit Nears TRY 339 Billion

Turkey’s public finances deteriorated further in April 2026, with the central government budget balance deepening to a deficit of TRY 338.70 billion, according to data updated on 15 May 2026. The figure marks a significant worsening from March 2026, when the budget shortfall stood at TRY 229.90 billion.

The month‑on‑month increase of nearly TRY 109 billion in the deficit highlights intensifying fiscal pressures, as spending continues to outpace revenues. While no breakdown of expenditures or income was provided, the acceleration in the gap between March and April underlines growing strain on Turkey’s budget position.

The April result adds to concerns about the sustainability of Turkey’s fiscal trajectory in 2026, with the expanding deficit likely to remain a key focus for policymakers, investors and rating agencies in the coming months.

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