Turkey’s Treasury sees over $10 billion deficit in 2016
ANKARA - Anadolu Agency
REUTERS photoThe Treasury posted a cash balance deficit of 38.2 billion Turkish Liras ($10.5 billion) from January to December 2016, it announced on Jan. 6.
Cash revenue during the period was 538.5 billion liras ($148.4 billion), while non-interest expenditures were 543.7 billion liras ($149.8 billion).
The deficit came after an interest payment of 49.2 billion liras ($13.5 billion). The Treasury also received 16.2 billion liras ($4.46 billion) from privatization and funds income over the course of last year.
The Treasury’s cash revenue in December was 61.6 billion liras ($17 billion), while its non-interest expenditures were 67.9 billion liras ($18.7 billion). Interest payments stood at 2 billion liras ($551 million).