Turkey’s central government budget recorded a surplus of TRY 114.2 billion in June 2026, shifting from a deficit of TRY 330.2 billion in the same month of the previous year. Budget revenues surged 66.0% year-on-year to TRY 1.5 trillion, supported by a 72.0% rise in tax income to TRY 1.3 trillion, driven by strong growth in income tax, domestic VAT, import VAT, and special consumption tax.
On the expenditure side, total spending increased 12.6% to TRY 1.4 trillion, mainly due to higher personnel expenses, purchases of goods and services, and current transfers. Non-interest expenditures climbed 23.9% to TRY 1.2 trillion, whereas interest payments fell 26.9% to TRY 201.6 billion.
Consequently, the primary balance swung from a deficit of TRY 54.5 billion a year earlier to a surplus of TRY 315.8 billion.
