Turkey: Treasury posts $3.7B cash deficit in January

Excluding interest payments, Treasury's primary balance posts $700M deficit last month

By Yunus Girgin

ANKARA (AA) - The Turkish Treasury's cash balance posted a deficit of some 26 billion Turkish liras ($3.7 billion) in January, the Treasury and Finance Ministry said Friday.

Cash revenues of the Treasury totaled 91.6 billion Turkish liras ($13 billion) last month.

Its expenditures, including interest payments of around 21.1 billion Turkish liras ($3 billion), hit some 117.6 billion liras ($16.7 billion).

Non-interest expenditures amounted to 96.5 billion Turkish liras ($13.7 billion), driving a 4.9 billion liras ($700 million) deficit in the primary balance.

The Treasury did not receive any revenues from the privatization or fund income in January.

The US dollar/Turkish lira exchange rate was around 7.3148 at the end of the last month.

Kaynak: