Turkey 2026 fiscal, debt, FX & external deficits

Timeline

1. 1 day ago

   [POLITICS] 3 sources

   Turkey's SGK loses Treasury contribution, faces trillion‑lira deficit

   Turkey's parliament ends a 4% Treasury subsidy to SGK, potentially creating a trillion‑lira deficit and widening the national budget gap.

2. 16 days ago

   [POLITICS] 5 sources

   Turkey's interest payments surge to 1.5 trillion lira amid fiscal strain

   Turkey's state paid 1.5 trillion lira in interest, fueling a 1 trillion‑lira deficit, while business leaders expect the central bank to keep rates steady, warning a cut won’t fix the slowdown.

3. 16 days ago

   [BUSINESS] 10 sources

   Turkey's Central Bank reserves fall to $160.5 billion

   Turkey's central bank reserves fell by $2.8 bn in the week to 17 July, ending at $160.5 bn, with foreign‑exchange reserves at $65.4 bn and gold at $95 bn.

4. 17 days ago

   [BUSINESS] 2 sources

   IMF Lowers Turkey’s 2026 Growth Forecast to 2.9%

   The IMF cut Turkey’s 2026 growth forecast to 2.9% and lifted 2027 to 3.6%, noting a slowdown after 2025 and stressing Turkey’s strategic economic role.

5. 18 days ago

   [BUSINESS] 3 sources

   Turkey's Lira Depreciation and Export Slowdown Detailed in Goldman Sachs Report

   Goldman Sachs warns Turkey may let the lira depreciate up to ~20% annually and notes export growth has stalled, widening the current‑account gap to about $60 bn by 2026.

6. 18 days ago

   [POLITICS] 9 sources

   Turkey's Finance Minister Simsek reports 521 billion lira budget surplus

   Turkey's Finance Minister Mehmet Simsek announced a 521 billion lira budget surplus and a 38 billion lira deficit improvement for H1, projecting a 2.5% deficit‑to‑GDP ratio by June 2025.

7. 25 days ago

   [BUSINESS] 15 sources

   Turkey's May 2026 Current‑Account Deficit Hits $37.3 bn, Officials Call It Sustainable

   Turkey's May 2026 current‑account deficit was $1.5 bn (annualised $37.3 bn). Officials say it remains sustainable; Goldman Sachs warns of limited improvement and June risks.

8. about 1 month ago

   [BUSINESS] 2 sources

   Turkish Central Bank reports trade surplus improves in Q2 despite higher energy prices

   Turkey's central bank says Q2 trade surplus rose as strong exports offset a 32% jump in energy imports despite higher global energy prices.

9. about 1 month ago

   [BUSINESS] 2 sources

   Turkey's household debt reaches record 6.48 trillion lira

   Turkey's household debt hit 6.48 trillion lira, with record court enforcement files surpassing 25 million, signaling a deepening financial strain on citizens.

10. about 1 month ago

    [BUSINESS] 10 sources

    Turkey's non‑financial firms see foreign‑exchange deficit top $205 billion

    Turkey’s non‑financial sector net forex deficit rose to $205.6 bn in April as assets fell $1.5 bn and liabilities rose $7.9 bn, with the short‑term surplus shrinking to $7.3 bn.

11. about 2 months ago

    [BUSINESS] 4 sources

    Turkey's Short-Term External Debt Hits Record in April

    Turkey's short‑term external debt rose 3% in April to $171.6 bn, with one‑year‑or‑less liabilities hitting a record $242 bn, driven by higher bank borrowing and foreign‑residence deposits.

12. about 2 months ago

    [BUSINESS] 9 sources

    Turkey's 2026 central budget shows 298bn lira deficit in May

    Turkey's central budget posted a 298.2 billion‑lira deficit in May 2026, with tax revenue down 22% and spending up 27%; the five‑month gap topped 1 trillion lira, a 62.5% YoY increase.

13. 2 months ago

    [BUSINESS] 3 sources

    Turkey Treasury Schedules Week of Debt Auctions as Inflation Improves

    Turkey’s Treasury will run seven debt operations in early June, while Finance Minister Mehmet Şimşek credits improved May inflation to positive weather and lower food prices.

14. 2 months ago

    [POLITICS] 3 sources

    United States pressures Turkey with extra tax and Iran with compensation negotiations under Trump

    Turkey may incur a 12.5% extra tax from U.S. tariff proposals, while U.S.–Iran talks stall over Iran’s demand for $12 billion in compensation, with Trump seeking a tougher deal than the 2015 agreement.

15. 2 months ago

    [BUSINESS] 2 sources

    Turkey Treasury sets internal borrowing of over 1.8 trillion lira for June‑August 2026

    Turkey's Treasury announced a June‑August 2026 internal borrowing plan totaling about 1.8 trillion lira, with 19 bond auctions and various indexed securities, while total debt stands at 14.7 trillion lira.

16. 3 months ago

    [BUSINESS] 3 sources

    Turkey sells $14 bn of US Treasuries to shore up lira amid Iran‑related economic pressure

    Turkey sold $14 bn of US Treasuries in March, cutting holdings to $1.6 bn to back the lira amid Iran‑related energy price spikes.

17. 3 months ago

    [BUSINESS] 3 sources

    Turkey Treasury raises 13.4 bn lira in two bond auctions

    Turkey's Treasury borrowed roughly 13.4 bn lira in two auctions, issuing a 2‑year fixed‑coupon and a 4‑year CPI‑linked bond.

This summary has been updated 1 time: see revision history