FX.co ★ Turkey Swings to Budget Surplus in August After Deep July Deficit

Turkey’s public finances saw a dramatic turnaround in August 2026, as the country’s budget balance moved into surplus following a steep shortfall just one month earlier.

According to data updated on 15 September 2026, Turkey’s budget balance improved from a deficit of -378.10 billion in July 2026 to a surplus of 12.90 billion in August 2026. The shift marks a significant month-on-month reversal in the fiscal position, highlighting a sharp change in the government’s revenue-expenditure dynamics over the period.

While the underlying drivers of the improvement were not disclosed in the data provided, the move from a deep deficit to a modest surplus within a single month will be closely watched by investors and policymakers as an indicator of short-term fiscal consolidation trends in Turkey.