NEWS Finance        05/02/2021

Turkish Treasury reports a cash deficit of USD 3.6 billion in January 2021

Turkey’s Ministry of Treasury and Finance announced that it recorded a cash deficit of TL 26.1 billion (USD 3.6 billion) for January 2021. Total income in January was TL 91.6 billion (USD 12.5 billion) and total expenditure was TL 117.7 billion (USD 16.1 billion). Expenditure was made up of non-interest expenditure of TL 96.6 billion (USD 13.2 billion) and interest payments of TL 21.1 billion (USD 2.9 billion).

 

In 2020, there was a cash deficit of TL 181.8 billion (USD 26 billion). Total income for the year 2020 was TL 1,039.1 billion (USD 135.2 billion) and total expenditure was TL 1,225.7 billion (USD 175.3 billion). Of total expenditure, non-interest expenditure was TL 1,104.5 billion (USD 158 billion) and interest payments were TL 121.2 billion (USD 17.3 billion).

 

In 2019, the Treasury’s cash balance showed a deficit of TL 130.5 billion (USD 23.1 billion). Revenue was TL 897 billion (USD 167.2 billion), while expenditures, including interest payments, totalled TL 1,032.8 billion (USD 182.8 billion) in this year. Expenditures included TL 98.3 billion (USD 17.4 billion) in interest payments, and non-interest payments amounted to TL 934.5 billion (USD 165.4 billion).

 

The U.S. dollar/Turkish lira exchange rate at the end of January 2021 was TL 7.33. The average rates used for 2020 and 2019 were TL 6.99 and TL 5.65 respectively.

 



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