Treasury posts $8.4 billion cash deficit Jan-April
The Turk sh Treasury’s cash balance saw a def c t of TRY 32.6 b ll on (around $8.4 b ll on) between January and Apr l, the Treasury Undersecretar at announced on
May 8. The Treasury rece ved TRY 224.5 b ll on ($58 b ll on) n cash revenue n the f rst four months of th s year, wh le expend tures stood at 258.5 b ll on Turk sh l ras ($66.8 b ll on). Over the same per od, the Treasury’s non- nterest expend tures amounted to TRY 233.9 b ll on ($60.4 b ll on) – a TRY 9.4-b ll on ($2.4 b ll on) def c t n the pr mary balance. Interest payments were TRY 24.6 b ll on
($6.3 b ll on), the top contr butor to the Treasury’s cash balance def c t.