Turkey’s central government budget posted a deficit of TRY 338.7 billion in April 2026, almost doubling from TRY 174.7 billion a year earlier as expenditure growth outpaced revenues. Total spending rose 34.7% year-on-year to TRY 1.52 trillion, driven by increases in personnel costs, current transfers, capital expenditure, and goods and services purchases. Non-interest expenditures also climbed 45.4% to TRY 1.27 trillion, while interest payments slipped 1.2% to TRY 257.6 billion. On the revenue side, inflows increased 23.9% to TRY 1.19 trillion, supported by a 28.5% rise in tax receipts to TRY 1.01 trillion, boosted by gains in income tax, VAT (domestic and import), stamp duty, and banking and insurance transaction taxes. As a result, the primary balance shifted to a deficit of TRY 81.1 billion from a surplus of TRY 85.9 billion a year earlier, reflecting faster growth in non-interest spending relative to revenues.