The budget balance in relation to the GDP in Turkey was forecast to increase between 2024 and 2029 by in total 2.2 percentage points. This overall increase does not happen continuously, notably not in 2027. The budget balance is estimated to amount to -3.01 percent in 2029. The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.
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IMF. (October 22, 2024). Turkey: Budget balance from 2019 to 2029 in relation to gross domestic product (GDP) [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/statistics/255677/budgetary-balance-of-turkey-in-relation-to-the-gross-domestic-product/
IMF. "Turkey: Budget balance from 2019 to 2029 in relation to gross domestic product (GDP)." Chart. October 22, 2024. Statista. Accessed November 05, 2024. https://www.statista.com/statistics/255677/budgetary-balance-of-turkey-in-relation-to-the-gross-domestic-product/
IMF. (2024). Turkey: Budget balance from 2019 to 2029 in relation to gross domestic product (GDP). Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/statistics/255677/budgetary-balance-of-turkey-in-relation-to-the-gross-domestic-product/
IMF. "Turkey: Budget Balance from 2019 to 2029 in Relation to Gross Domestic Product (Gdp)." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/statistics/255677/budgetary-balance-of-turkey-in-relation-to-the-gross-domestic-product/
IMF, Turkey: Budget balance from 2019 to 2029 in relation to gross domestic product (GDP) Statista, https://www.statista.com/statistics/255677/budgetary-balance-of-turkey-in-relation-to-the-gross-domestic-product/ (last visited November 05, 2024)
Turkey: Budget balance from 2019 to 2029 in relation to gross domestic product (GDP) [Graph], IMF, October 22, 2024. [Online]. Available: https://www.statista.com/statistics/255677/budgetary-balance-of-turkey-in-relation-to-the-gross-domestic-product/