14.12.2020

Government Accounts, 2019

The ratio of the general government deficit to Gross Domestic Product (GDP) was 4.5% in 2019. Social security funds sector gave surplus in 2019 whereas other sectors gave deficit. The general government consolidated debt stock to GDP ratio rose to 32.6% in 2019.

Deficit / surplus and debt levels of general government, 2018, 2019

The share of general government total expenditures in GDP was 35.4% in 2019

Total expenditures of general government reached 1 trillion 531 billion 456 million TL and its ratio to GDP increased to 35.4% in 2019. Total revenues increased to 1 trillion 338 billion 448 million TL and the share of revenues in GDP decreased to 31%.

As a value, an increase was seen in all of the main expenditure and income items. The general government gave 193 billion 8 million TL deficit in 2019.

Main aggregates of general government, 2018, 2019

Total tax and social contribution receipts increased to 1 trillion 68 billion 423 million TL in 2019

Total receipts of general government from taxes and social contributions increased to 1 trillion 68 billion 423 million TL in 2019. The share of taxes on production and imports in total fell to 43.5% in 2019 while it was 44% in 2018. The share of net social contributions and current taxes on income and wealth etc. increased to 30.8% and 25.6% respectively. The share of capital taxes did not change.

The share of general government tax and social contribution receipts in total, 2018, 2019

The next release on this subject will be on October 05, 2021.
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EXPLANATION

Please look at tables of press release for Government Accounts Report 2019.

Source: TurkStat
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