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Turkey's Finance Ministry Forecasts Budget Deficit May Expand to 4% of GDP in 2026 if Oil Stays at $100/Barrel

2026-05-15 11:02:25

Turkey's finance minister warned that if crude oil prices remain around $100 per barrel, the country's fiscal deficit could expand to approximately 4% of GDP in 2026, compared to roughly 3% in 2025. The official highlighted the sensitivity of Turkey's budget balance to oil price fluctuations, underscoring the economic impact of global energy markets on fiscal projections.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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