Ankara: Treasury and Finance Minister Mehmet Simsek revealed that Trkiye's primary budget surplus reached 521 billion Turkish liras ($11 billion) in the first half of the year, despite the government foregoing certain tax revenues to mitigate the impacts of geopolitical developments on inflation.

According to Anadolu Agency, the budget deficit decreased by 38 billion Turkish liras ($805 million) compared to the same period last year. Minister Simsek shared this information on the Turkish social media platform NSosyal on Monday.

Simsek estimated that the ratio of the budget deficit to national income, previously at 2.9% in 2025, has now decreased to approximately 2.5% on an annualized basis as of June. He attributed this reduction to efforts against informality, policies aimed at increasing voluntary compliance, and strict discipline in public expenditures.

The finance minister also noted that domestic debt rollover rates remained below both last year's levels and official forecasts, thanks to strong budget performance. He emphasized that maintaining budget discipline is crucial for enhancing the resilience of the Turkish economy and achieving price stability, which remains the main objective of the country's economic program.

Simsek concluded by stating that the government will persist with its policies aligned with the disinflation target by upholding strict fiscal discipline.