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22.1 Trillion Liras in Taxes Expected According to the 2027 Budget Proposal
According to the 2027 budget proposal, tax revenues are projected to increase by 35.6% to reach 22 trillion 139 billion liras, while the year-end closing for 2026 is projected to be 16 trillion 332 billion liras.
News
Economy
Tax Revenues and Public Personnel Overtime Pay Determined in 2027 Budget Proposal
Turkey's 2027 budget proposal targets tax revenues of 22.1 trillion liras. While 6.3 trillion liras are allocated for public personnel, civil servants' overtime pay will be increased by 20 percent to 19.85 liras. A 507 percent increase is projected in real estate sales revenues.
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Economy
Politics
2027 Budget Proposal Submitted to the Grand National Assembly of Turkey (TBMM): 35 Percent Increase Target in Tax Revenues
According to the 2027 budget proposal, tax revenues are targeted to increase by 35.8 percent to reach 22.1 trillion TL, while budget negotiations are set to begin at the TBMM Planning and Budget Committee.
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2027 Central Government Budget Submitted to the Grand National Assembly of Turkey
In the 2027 central government budget, expenditures are projected at 27 trillion 276 billion liras and revenues at 23 trillion 408 billion liras, while the budget deficit is projected at 3 trillion 868 billion liras.
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Economy
Politics
IMF Warning on Artificial Intelligence: 40 Percent of Global Employment Could Be Affected
International Monetary Fund Managing Director Kristalina Georgieva stated that artificial intelligence technology could transform the global job market and affect 40 percent of jobs.
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Artificial Intelligence
Economy
