Turkey: Treasury cash balance at $2.4B deficit in April
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 on May 8.
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.