Türkiye's budget deficit narrows to $7B in March

Central government budget revenues hit $20.6B, while expenditures at $27.6, according to Treasury and Finance Ministry data

Türkiye's central government budget posted a 261.4 billion liras ($7 billion) deficit in March, according to official data released on Tuesday. The figure narrowed from a 301.1 billion liras ($8.4 billion) deficit in February, a report from Türkiye's Treasury and Finance Ministry showed. The deficit rose by 25.1% compared to the same month of the previous year. Budget revenues hit 766.26 billion liras ($20.6 billion), while expenditures totaled 1.02 trillion liras ($27.6 billion). Non-interest expenditures reached 866.48 billion liras ($23.3 billion), with interest payments totaling 161.24 billion liras ($4.3 billion). The report showed that tax revenues came in at 645.1 billion liras ($17.4 billion) in March.   Cumulative figures In the first three months of 2025, the budget balance showed a deficit of 710.8 billion liras ($19.5 billion). During this period, budget revenues reached 2.4 trillion liras ($66.3 billion), while expenditures amounted to 3.11 trillion liras ($85.7 billion). The US dollar traded at an average of 37.09 liras in March and 36.26 liras on average during the January-March period.