Türkiye Swings To 1.65% Primary Budget Surplus In 2025

(MENAFN- Trend News Agency) BAKU, Azerbaijan, October 8. Türkiye's general government ran an estimated primary budget surplus of approximately 1.65% of GDP in 2025.

This is according to Trend 's calculations based on data released by the Turkish Statistical Institute (TÜİK) on October 1, compared with an estimated primary deficit of 1.13% of GDP in 2024.

TÜİK reported that Türkiye's general government deficit narrowed to 600.4 billion lira ($12.33 billion) in 2025, equivalent to 0.9% of GDP, from 3.4% of GDP in 2024. The agency said social security funds and local government ran surpluses in 2025, while the central government recorded a deficit.

Interest expenditure rose to 2.406 trillion lira ($49.41 billion) in 2025 from 1.688 trillion lira ($34.65 billion) in 2024, while interest income increased to 761.2 billion lira ($15.63 billion) from 651 billion lira ($13.37 billion).

According to Trend 's calculations, subtracting interest income from interest expenditure puts Türkiye's net interest cost at approximately 1.65 trillion lira ($33.78 billion) in 2025, up 58.7% from an estimated 1.04 trillion lira ($21.29 billion) in 2024. This was equivalent to an increase from approximately 2.32% of GDP to 2.60% of GDP.

Adding this net interest cost back to the headline deficit figure, Trend 's calculations show that the primary balance - the budget position excluding interest payments - moved from a deficit of approximately 1.13% of GDP in 2024 to a surplus of approximately 1.65% of GDP, or roughly 1.04 trillion lira ($21.45 billion), in 2025.

This represented an improvement of approximately 2.78 percentage points of GDP, compared with a 2.5-percentage-point improvement in the headline overall balance.

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