Turkish Treasury posts $540M cash deficit in October
Treasury's cash revenues total $12.76B last month
By Ovunc Kutlu
ANKARA (AA) – The Turkish Treasury's cash balance posted a deficit of 5.24 billion Turkish liras ($540 million) last month, according to official figures revealed Friday.
In October, Treasury's cash revenues totaled 123.7 billion Turkish liras ($12.76 billion), the Treasury and Finance Ministry said.
Its expenditures, including interest payments of 13.2 billion Turkish liras ($1.36 billion), reached almost 129 billion Turkish liras ($13.31 billion).
Non-interest expenditures amounted to 115.7 billion Turkish liras ($11.94 billion), but there was almost a surplus of 8 billion Turkish liras ($830 million) in the primary balance.
Last month's cash surplus of 5.24 billion liras ($540 million) represented the Treasury's cash revenues minus expenditures, including interest payments.
The US dollar/Turkish lira monthly exchange rate averaged 9.1702 in October.
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