Turkish Treasury posts $1.9B cash deficit in June
ANKARA- Anadolu Agency
In June, the Treasury's non-interest expenditures were 64.5 billion Turkish liras ($11.16 billion).
The Treasury received 1.26 billion liras ($217 million) from the privatization or fund income last month -- including transfers by the Turkish Privatization Administration, 4.5G license payments, and land sale revenues.
During the first half of this year- January to June- the country's revenues and expenditures reached 417.7 billion Turkish liras ($72.26 billion) and 497.96 billion Turkish liras ($86.15 billion), respectively.
The U.S. dollar/Turkish lira exchange rate was 5.78 as of the end of last month, and 4.62 as of end of June 2018.
Last month, the Treasury announced that it would repay debt of 51.4 billion Turkish liras ($8.9 billion) in July-September period.
A total of 40.1 billion liras ($6.93 billion) of domestic debt redemption is also projected.