• İstanbul 20 °C
  • Ankara 18 °C

Turkish Treasury sees $4.4B cash deficit in July

Turkish Treasury sees $4.4B cash deficit in July
Treasury's cash revenues total $12.5 billion, down 2.7% year-on-year last month

By Tuba Sahin

ANKARA (AA) - The Turkish Treasury's cash balance this July posted a deficit of 30.8 billion Turkish liras ($4.4 billion), the Treasury and Finance Ministry said Monday.

Cash revenues of the Treasury totaled 87 billion Turkish liras ($12.5 billion) last month, down 2.7% from July 2019.

Its expenditures, including interest payments of around 8.1 billion liras ($1.2 billion), hit some 118.2 billion liras ($17 billion), an annual surge of 37%.

Non-interest expenditures amounted to 110.1 billion liras ($15.8 billion), driving a 23.2-billion-lira ($3.3-billion) deficit in the primary balance.

The Treasury received 450 million liras ($65 million) from the privatization or fund income in July -- including transfers by the Turkish Privatization Administration, 4.5G license payments and land sale revenues.

The US dollar/Turkish lira exchange rate was around 6.97 at the end of April.

source: News Feed
This news is a total 23 time has been read
UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
This news yet comment has been added .
Other News
All Rights Reserved © May 2014 US Muslims | Unauthorized and the resources published.
Haber Scripti: CM Bilişim