Treasury’s cash revenues amounted to $228.4B, expenditures $255.6B last year
The Turkish Treasury’s cash balance saw a deficit of 625.5 billion Turkish liras ($26.8 billion) in 2023, according to official figures released on Monday.
The figure was 168.4 billion liras ($10.2 billion) in 2022, the Treasury and Finance Ministry data showed.
Cash revenues of the Treasury totaled 5.3 trillion liras ($228.4 billion), while its expenditures reached nearly 6 trillion liras ($255.6 billion).
Its interest payments were 564.9 billion liras ($24.2 billion) last year.
Excluding interest payments, the cash balance posted a deficit of 71 billion liras ($3.1 million) in 2023.
The Treasury last year received 10.5 billion Turkish liras ($189 million) in privatization or fund income including transfers by the Turkish Privatization Administration, 4.5G license payments, and land sale revenues.
The Turkish lira traded for 23.311 per US dollar on average in 2023, while the dollar/lira exchange rate stood at 29.1012 on average in December.
In December, the Treasury’s cash deficit came in at 197 billion liras ($6.8 billion), with its revenues standing at 546.7 billion liras ($18.8 billion) and expenditures reaching 749.2 billion liras ($25.7 billion).
Source: aa