Turkiye's budget deficit narrows to $3.9 bn in Jan 2025

In January, budget revenues surged by 48.6 per cent YoY to more than 917 billion liras, with tax collection rising by 53.3 per cent YoY to 793 billion liras.

Expenditures amounted to 1.06 trillion liras in the month—a 37.6-per cent YoY increase.

Consequently, the central government budget produced a primary surplus of 23.8 billion liras in January against a primary deficit of 29.6 billion liras in the same month last year.

The budget deficit target this year is 1.93 trillion liras, which is 3.1 per cent of the expected GDP in 2025.

The government estimates the budget deficit will shrink to 2.8 per cent of national income, or 2.1 trillion liras, next year.

ALCHEMPro News Desk (DS)