Turkish Treasury sees 8 billion cash deficit
Date
10/8/2015 8:10:10 AM
(MENAFN- The Journal Of Turkish Weekly)Turkish Treasury sees $8 billion cash deficit
Treasury’s cash revenues in first nine months of 2015 were $114 billion while non-interest expenditures were $110 billion Treasury says
Turkey's Treasury posted a cash balance deficit of 23.54 billion Turkish liras ($8 billion) from January to September 2015 the Treasury announced on Wednesday.
Cash revenue during the period was 335.4 billion liras ($114 billion) while non-interest expenditures were 323.7 billion liras ($110 billion).
The deficit came after an interest payment of 42.6 billion liras ($14.5 billion).
The Treasury’s cash revenue in September was 23 billion Turkish liras ($7.8 billion) while its non-interest expenditures were 43.3 billion liras ($14.7 billion). Interest payments stood at 5 billion Turkish liras ($1.7 billion).
The cash deficit or cash surplus is revenue minus expenses minus net acquisition of nonfinancial assets. It differs in composition from the fiscal deficit which includes all revenue and expenses.
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