Finance Minister Şimşek says July current-account deficit $40.7bn
Officials said the deficit annualised at $40.7 billion in July and that exporters' positions and services exports helped the external balance.
Mateo Fernandez ·
Treasury and Finance Minister Mehmet Şimşek announced that Turkey's current-account deficit annualised at $40.7 billion in July, a figure officials said could weigh on lira stability.
The minister said exporters have maintained their positions in global markets and that services exports supported the external balance. Officials described the number as an annualised figure for July and did not provide a revised monthly series in the statement.
The current-account balance is closely watched by investors for its implications for external financing needs and currency pressures. Markets typically treat a larger deficit as a factor that can amplify FX volatility when capital flows are volatile.
July deficit $40.7bn annualised
The minister's remarks were delivered on September 11, 2026. Officials said services-sector receipts and exporters' performance have helped cushion the external gap but that the deficit level nonetheless remains a factor for exchange-rate dynamics.
Officials said markets will watch whether the deficit narrows by December 31, 2026. That outcome, they added, would influence investor assessments of the lira's near-term resilience and the need for policy adjustments.