Turkey's Treasury posts over $7.4B deficit in Q1

Cash revenues in first four months of 2017 were $53.4B, while expenditures including interest payments stood at $62.8B

ANKARA (AA) - Turkey's Treasury posted a cash balance deficit of 26.2 billion Turkish liras ($7.4 billion) from January to April 2017, it announced on Monday.

Cash revenue during the period was 190.5 billion liras ($53.4 billion), while non-interest expenditures were 202.9 billion liras ($56.8 billion).

The deficit came after an interest payment of 21.4 billion liras ($6 billion).

The Treasury’s cash revenue in April was 51.4 billion Turkish liras ($14.4 billion), while its non-interest expenditures were just over 58 billion liras ($16.2 billion). Interest payments stood at 3 billion Turkish liras ($840 million).

The cash deficit, or cash surplus, is revenue minus expenses, minus net acquisition of non-financial assets. It differs in composition from the fiscal deficit, which includes all revenue and expenses.

Kaynak:

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