Turkish Treasury posts $12.8B cash deficit in January-February

By Gokhan Ergocun

ISTANBUL (AA) - The Turkish Treasury's cash balance saw a deficit of 405.4 billion Turkish liras ($12.8 billion) in January-February, the Treasury and Finance Ministry announced on Thursday.

Last month, the Treasury's cash revenues totaled 1.18 trillion Turkish liras ($37 billion).

Its expenditures – including interest payments of 161.8 billion Turkish liras ($5.08 billion) – amounted to 1.59 trillion Turkish liras ($49.8 billion).

In the two-month period, the treasury's non-interest expenditures amounted to 1.43 trillion Turkish liras ($44.8 billion).

The cash deficit of $12.7 billion represents the Treasury's cash revenues minus expenditures, including interest payments, in the January-February period.