Turkish Treasury posts $3.8B cash deficit in October

Treasury's cash revenues reach $12.8B last month, while expenditures hit $16.7B

By Aysu Bicer

ANKARA (AA) - The Turkish Treasury's cash balance posted a deficit of 72.18 billion Turkish liras ($3.8 billion) in October, according to official data released on Monday.

Its cash revenues amounted to 238.9 billion Turkish liras ($12.8 billion) last month, while expenditures stood at 311.08 billion Turkish liras ($16.7 billion), the Treasury and Finance Ministry said.

Non-interest expenditures amounted to nearly 252 billion Turkish liras ($13.5 billion), while interest payments totaled 59.08 billion Turkish liras ($3.1 billion).

The primary balance gave a deficit of 13.09 billion liras (nearly $704 million).

The average US dollar/Turkish lira exchange rate this October was 18.5966.

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