Turkish Treasury posts $2.7 bln cash deficit in March

Turkish Treasury posts $2.7 bln cash deficit in March

ISTANBUL- Anadolu Agency
Turkish Treasury posts $2.7 bln cash deficit in March

The Turkish Treasury's cash balance posted a deficit of 14.95 billion Turkish liras ($2.69 billion) in March, the Treasury and Finance Ministry said on April 5.

Last month, the Treasury's cash revenues amounted 68.57 billion Turkish liras (nearly $11.2 billion), up 11.5 percent on a yearly basis.         

Its expenditures- including interest payments of 11.2 billion Turkish liras ($2 billion)- also rose 22.2 percent to 83.52 billion Turkish liras ($15 billion).         

In March, the Treasury's non-interest expenditures were 72.3 billion Turkish liras ($13 billion).         

During the first quarter of this year- January to March- the country's revenues and expenditures reached 225.3 billion Turkish liras ($40.6 billion) and 263.3 billion Turkish liras ($47.4 billion), respectively.         

The country's cash balance deficit was 37.83 billion Turkish liras ($6.8 billion) during the first three months of the current year.         

The U.S. dollar/Turkish lira exchange rate was 5.55 as of the end of last month.     

Turkish Central Bank, deficit, Economy, Treasury and Finance Ministry