Türkiye’s central government budget balance registered a deficit of TL 214.5 billion ($4.9 billion) in January, official figures from the Treasury and Finance Ministry showed on Monday.
That compared with a shortfall of TL 139.3 billion in the same month a year earlier.
The budget revenues in January rose by 55% to TL 1.42 trillion, mainly supported by rising tax revenues.
Expenditures also rose by nearly 55% year-over-year to almost TL 1.64 trillion, according to the ministry.
Türkiye’s tax revenues were at TL 1.18 trillion, the data showed.
Non-interest expenditures rose 32% to TL 1.18 trillion, while interest rate payments rose sharply by 180% to TL 456.4 billion.
Excluding interest rate payments, the budget posted a surplus of TL 241.8 billion, the data showed. That compared to a surplus of 23.8 billion in the same period of 2025.
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