Government Accounts, 2018, in Turkey
The ratio of general government deficit to GDP was 2.8% in 2018
The ratio of the general government deficit to Gross Domestic Product (GDP) was estimated as 2.8%. The social security funds sector gave surplus in 2018 whereas other sectors gave deficit. The general government consolidated debt stock to GDP ratio was 30.4% in 2018.
Deficit / surplus and debt levels of general government, 2017, 2018
Maastricht criteria, calculated based on ESA-2010 methodology by candidate and member states of the European Union and including a maximum of 3% budgetary deficit and 60% debt stock to GDP ratio, were fulfilled for 2018.
The share of general government total expenditures in GDP was 35% in 2018
Total expenditures of general government reached 1 trillion 303 billion 69 million TL and its ratio to GDP increased to 35% in 2018. Total revenues were 1 trillion 197 billion 850 million TL and the share of revenues in GDP increased to 32.2%.
Main aggregates of general government, 2017, 2018
As a value, an increase was seen in all of the main expenditure and income items. The general government gave 105 billion 219 million TL deficit in 2018.
Total tax and social contribution receipts increased to 955 billion 924 million TL in 2018
Total receipts of general government from taxes and social contributions increased to 955 billion 924 million TL in 2018. The share of taxes on production and imports in total fell to 44% although it was 47.8 in 2017. The share of net social contributions and current taxes on income and wealth etc. increased to 30.5% and 25.5% respectively. The share of capital taxes did not change.
The share of general government tax and social contribution receipts in total, 2017, 2018
The next release on this subject will be on October 23, 2020.
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EXPLANATION
Please look at tables of press release for Government Accounts Report 2018.
Source: TÜİK
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