Turkish Treasury sees $3.9 bln cash deficit in June
ISTANBUL- Anadolu Agency
In June, the Treasury's cash revenues mounted to 61.44 billion Turkish liras ($8.97 billion), showing a 8.3% increase on a yearly basis.
Its expenditures, including interest payments of around 6.22 billion liras ($908 million), hit some 89.45 billion liras ($13.05 billion).
The Treasury received 1.25 billion liras ($182 million) from privatization or fund income in June- including transfers by the Turkish Privatization Administration, 4.5G license payments, and land sale revenues.
Last month, the cash deficit of $3.9 billion represented the Treasury's cash revenues plus privatization and fund income minus expenditures, including interest payments.
During the first six months, the Treasury posted 109.25 billion liras ($15.95 billion) of deficit, with 463.4 billions ($67.6 billion) of revenue.
The U.S. dollar/Turkish lira exchange rate was around 6.85 at the end of June.