Turkey, Economy

Turkey: Treasury cash balance at $2.4B deficit in April

Treasury's cash revenues reach $10.4B last month, up 15.2% year-on-year

Tuba Şahin   | 08.05.2019
Turkey: Treasury cash balance at $2.4B deficit in April

ANKARA

The Turkish Treasury's cash balance posted a deficit of 14.25 billion Turkish liras (some $2.4 billion) last month, according to Treasury and Finance Ministry data released Wednesday.

The Treasury's cash revenues were 61.75 billion Turkish liras ($10.4 billion) in April, up 15.2% from the same month last year, according to data.

Treasury expenditures -- including interest payments of 4.5 billion Turkish liras ($761 million) -- totaled 76.73 billion Turkish liras ($12.9 billion).

The Treasury's non-interest expenditures reached 72.2 billion Turkish liras ($12.2 billion), posting a deficit of some 10.5 billion Turkish liras ($1.75 billion) in the primary balance.

The Treasury received 725 million liras ($122 million) from the privatization or fund income last month -- including transfers by the Turkish Privatization Administration, 4.5G license payments, and land sale revenues.

In April, the cash deficit of $2.4 billion represents the Treasury's cash revenues plus privatization and fund income minus expenditures, including interest payments.

The U.S. dollar/Turkish lira exchange rate stood at around 5.94 at the end of April.

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