ANKARA — Türkiye’s central government budget recorded a surplus of 114.2 billion Turkish liras ($2.4 billion) in June, reversing the deficit posted in the same month last year, as strong revenue growth outpaced a modest increase in public spending.

According to data released by the Ministry of Treasury and Finance, budget revenues climbed 66% year-on-year to approximately TRY 1.5 trillion, while expenditures increased 12.6% to around TRY 1.4 trillion. The improvement was largely driven by robust tax collections, which surged 72% compared with June 2025.

The primary budget balance, which excludes interest payments, registered a surplus of TRY 315.8 billion, compared with a primary deficit a year earlier. Non-interest expenditures rose 23.9%, while interest payments declined 26.9% year-on-year.

Tax revenue growth was broad-based. Income tax receipts increased 145.7%, domestic value-added tax (VAT) collections rose 89.6%, and import VAT revenues climbed 53.1%. Corporate tax revenues grew 31.8%, while revenues from the Special Consumption Tax (SCT) edged down 0.1% from a year earlier.

Despite the June surplus, the central government budget remained in deficit for the first half of the year. Between January and June, budget expenditures rose 32.7% year-on-year to TRY 8.73 trillion, while revenues increased 39.1% to TRY 7.8 trillion, resulting in a cumulative budget deficit of TRY 943 billion, narrower than the deficit recorded during the same period in 2025.

Tax revenues for the first six months of the year increased 38.7%, reflecting continued growth in government income despite elevated spending levels. Finance officials said the June performance demonstrates stronger fiscal revenues and an improving monthly budget balance, although maintaining fiscal discipline remains a priority amid ongoing economic challenges.

Source: Patronlar Dünyası/ Prepared by: İlayda Gök