Turkish Treasury posts $2.9 billion cash deficit in Jan-May
The Turk sh Treasury’s cash balance saw a def c t of TRY 11.5 b ll on (around $2.9 b ll on) between January and May, the Treasury Undersecretar at announced on June 7. The Treasury rece ved
TRY 310.5 b ll on ($77.8 b ll on) n cash revenue n the f rst f ve months of th s year, wh le expend tures stood at TRY 324.5 b ll on ($81.3 b ll on). Over the same per od, the Treasury’s non- nterest expend tures amounted to TRY 294.1 b ll on ($73.7 b ll on). Interest payments were TRY 30.4 b ll on ($7.6 b ll on), one of the top contr butors to the cash balance def c t n the same per od.