Turkish Treasury posts over $155B revenue in Jan-Nov

By Muhammed Ali Gurtas

ANKARA (AA) - Turkey's Treasury received a 568.7 billion Turkish liras ($156.2 billion) cash revenue in the period of January-November this year, according to an official statement on Thursday.

The Treasury's non-interest expenditures amounted to 565.4 billion Turkish liras ($155.3 billion) as of November.

Over the same period, the Treasury collected around 11.2 billion Turkish liras ($3 billion) in privatization and fund income. This amount includes the transfer made by the Turkish Privatization Administration, 4.5G license payment, land sales revenue etc.

Interest payments, from this January to November, were 53.8 billion Turkish liras ($14.7 billion), making it the top contributor to the balance deficit.

The eleven-month cash balance -- a $10.8 billion deficit -- represents the Treasury's cash revenues plus privatization and fund income minus its expenditures including interest payments.

Meanwhile, the official report showed that the Treasury's cash balance for last month was a surplus of 5.65 billion Turkish liras ($1.45 billion), compared to a deficit of 4.5 billion Turkish liras ($1.2 billion) in October.

In November, the Treasury's cash revenues plus privatization and fund income reached to some 63.5 billion Turkish liras ($16.3 billion), while its expenditures -- including interest payments -- were nearly 57.9 billion Turkish liras ($14.9 billion).

The average U.S. dollar/Turkish lira exchange rate was 3.89 in November, as the eleven-month average exchange rate was 3.64.