Politics · Turkey · 6 hrs ago
Turkey’s 2027 budget forecasts 27.2 trillion lira in spending
Turkey’s government presented its proposed 2027 central budget, with spending forecast at 27.2 trillion lira and revenue at 23.4 trillion lira.
Deputy President Cevdet Yılmaz and Treasury and Finance Minister Mehmet Şimşek presented the budget.
Yılmaz said it aims to protect economic stability, support falling inflation and strengthen production, jobs and exports.
The plan forecasts spending well above revenue, though the presentation gives no further detail on how the difference will be covered.
Value-added tax is projected to bring in 5.681 trillion lira, more than the 5.533 trillion forecast from income tax.
Interest payments are budgeted at 3.975 trillion lira, while current transfers are the largest listed spending item at 10.24 trillion lira.
The budget is intended to build resilience and support public welfare amid difficult regional and global conditions.
Turkey’s 2027 central government budget proposal forecasts 27.2 trillion lira in spending and 23.4 trillion lira in revenue.
The proposal, signed by President Recep Tayyip Erdoğan, was submitted to parliament on October 16, 2026.
Deputy President Cevdet Yılmaz said the budget aims to support economic resilience, prosperity and transformation amid difficult global and regional conditions.
Parliament’s Plan and Budget Commission is expected to begin budget discussions on October 21.
- Who
- The Turkish government; the proposal was signed by President Recep Tayyip Erdoğan and presented by Deputy President Cevdet Yılmaz.
- What
- A 2027 central government budget proposal forecasting 27.2 trillion lira in spending and 23.4 trillion lira in revenue.
- When
- Submitted on October 16, 2026. Commission discussions are expected to begin on October 21.
- Where
- Turkey’s Grand National Assembly in Ankara.
- Why
- The government says the budget is intended to support economic stability, disinflation, investment, production, exports and public welfare.
This story does not have two clearly opposing sides.
The 2027 central government budget proposal was submitted to the Grand National Assembly.
Plan and Budget Commission discussions are due to begin with a presentation by Deputy President Cevdet Yılmaz.
Commission discussions will pause for a week to allow members to complete preparations.
Discussions on the budget proposal, the 2025 final accounts proposal and Court of Accounts reports are expected to take about a month.
- Forecast spending
- 27.2 trillion lira
- Forecast revenue
- 23.4 trillion lira
- Income tax revenue
- 5.533 trillion lira
- Value-added tax revenue
- 5.681 trillion lira
- Current transfers
- 10.240 trillion lira
3 sources
What people are saying
Our 2027 budget is a budget of resilience, prosperity and transformation that strengthens our economy’s security and resilience in the face of difficult regional and global conditions, transforms Turkey’s productive power and competitiveness, and carries our gains into lasting social welfare.