Turkey's budget deficit expanded to 532.2 billion lira in September.

(1) In September 2026, Turkey's central government recorded a budget deficit of 532.2 billion lira, widening from a deficit of 309.6 billion lira in the same period last year, as expenditure growth outpaced revenue. (2) Total expenditure rose by 34.1% year-on-year to 1.7854 trillion lira, mainly driven by a 48.7% increase in current transfers, a 24.5% rise in personnel expenses, a 34.6% increase in capital expenditure, and a 60.8% rise in goods and services procurement expenses. (3) Meanwhile, total revenue increased by 22.7% to 1.2531 trillion lira, with tax revenue rising by 21.8% to 1.0741 trillion lira, mainly contributed by increases in income tax, import VAT, and domestic VAT. (4) The primary deficit in September surged to 269.2 billion lira from 73 billion lira in the same period last year.