The general government deficit was estimated as 79 billion 74 million TRY and the ratio of the general government deficit to Gross Domestic Product (GDP), which was 4.6% previous year, decreased to 1.1% in 2021.
Local government sector gave surplus in 2021 whereas central government and social security funds sectors gave deficit. The general government consolidated gross debt stock to GDP ratio rose to 41.8% in 2021.
The share of general government total expenditures in GDP was 32.5% in 2021
Total income of general government increased to 2 trillion 279 billion 105 million TRY and the share of income in GDP rose to 31.4%. Total expenditures of general government reached 2 trillion 358 billion 179 million TRY and its ratio to GDP decreased to 32.5% in 2021. As a value, an increase was seen in all of the main expenditure and revenue items.
Total tax and social contribution receipts increased to 1 trillion 813 billion 784 million TRY in 2021
The share of taxes on production and imports in total fell to 45.3% in 2021 while it was 47.4% in 2020. The current taxes on income and wealth etc. rose to 27.2% while share of net social contributions fell to 27.2%. The share of capital taxes rose to 0.2%. (ILKHA)
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