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FINANCE >Turkey’s Treasury reports nearly $850 million surplus in August

ANKARA - Anadolu Agency

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The Treasury had a cash balance surplus of 2.97 billion Turkish Liras ($847 million) in August, it stated on Sept. 11.      

Last month, the Treasury’s cash revenue reached nearly 63.79 billion liras ($18.17 billion), while its non-interest expenditures amounted to around 55.92 billion liras (around $15.92 billion).      

Interest payments in August stood at around 5.65 billion liras ($1.61 billion) with a privatization and fund income of 751 million liras ($214 million).      

The cash balance - $847 million surplus last month - represents revenues plus privatization and fund income minus expenditures including interest payments.      

Meanwhile, the Treasury’s cash balance for the first eight months of 2017 showed a deficit of 30.54 billion liras ($8.46 billion).      

During the January-August period, cash revenue stood at 405.75 billion liras ($112.17 billion) while non-interest expenditures amounted to 409.11 billion liras ($113.1 billion).      

The Treasury made 37.3 billion liras ($10.3 billion) in interest payments over the same period and it also collected 10.1 billion liras ($2.8 billion) in privatization and fund income.

September/12/2017

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