Turkish Treasury posts $4.9B cash deficit in February

Dünya Executive - - OVERVIEW -

The Turk sh Treasury’s cash balance saw a deficit of TRY 25.87 billion ($4.88 b ll on) n February, the Treasury and Finance Ministry announced on March 7. Last month, the Treasury’s cash revenues totaled TRY

59.4 billion (nearly $11.2 b ll on), up 14.2 percent on a yearly bas s. Its expend tures - including interest payments of TRY 14.8 billion ($2.8 b ll on) - also rose 33.9 percent to TRY 85.3 b ll on ($16 billion). In February, the Treasury’s non-interest expend tures amounted to TRY 70.5 billion ($13.3 billion). The cash deficit of $4.88 billion represents the Treasury’s cash revenues minus expenditur­es, including interest payments, in February.

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