Turkey’s 2027 budget proposal puts the deficit at 3.5 per cent of GDP
Turkey’s 2027 central government budget proposal forecasts a deficit of 3.5 per cent of gross domestic product. Vice President Cevdet Yılmaz outlined planned spending, revenue and growth, alongside allocations for education, health and earthquake recovery. The figures are proposals and forecasts for the coming year, with further details due before parliament’s budget committee.
Economics & Markets··Night
A deficit forecast for the coming year
Turkey’s central government budget proposal for 2027 sets out planned revenue, spending and programme allocations. Vice President Cevdet Yılmaz outlined the proposal’s main economic assumptions, while its programme breakdown identifies funding proposed for public services. The amounts concern the coming year and remain proposed appropriations and forecasts.[1], [2]
Habertürk’s account puts the proposed deficit at 3.5 per cent of gross domestic product. Yılmaz said national income was expected to reach 111 trillion lira and growth 4.2 per cent. Spending is planned at 27 trillion 276 billion lira, against revenue of 23 trillion 408 billion lira. Excluding earthquake spending, the deficit ratio is forecast at 2.8 per cent.[1]
Education and health receive distinct allocations
Yılmaz put education funding, including higher education, at 3 trillion 747 billion lira, or 13.7 per cent of the central budget. Central-budget health funding is proposed at 2 trillion 134 billion lira. The broader health total is 4 trillion 532 billion lira when spending by the Health Ministry, higher education institutions and the Social Security Institution is included.[1]
The same announcement proposes 1 trillion 341 billion lira for social assistance and support, and 605 billion lira for electricity and natural gas bill support. Earthquake recovery and disaster resilience are allocated 769 billion lira. Planned investment totals 2 trillion 849 billion lira. Yılmaz said further details would be presented to parliament’s Planning and Budget Committee the following week.[1]
Current transfers are the largest proposed spending category at 10 trillion 240 billion lira. Personnel spending is projected at 7 trillion 117 billion lira, interest expenditure at 3 trillion 975 billion lira and goods and services purchases at 2 trillion 184 billion lira. Value-added tax is the largest expected tax revenue category, at 5 trillion 681 billion lira.[1]
Programme table details proposed public funding
Anadolu Agency’s compilation from the Budget Bill lists 4,530,105,298,000 lira for management of Treasury assets and liabilities. Social security follows at 2,887,445,846,000 lira. These are programme appropriations in the proposal.[2]
