Business

Turkish Treasury posts $4.1B cash surplus in February

Treasury’s cash revenues total $20.4B while expenditures at $16.4B last month

The Turkish Treasury’s cash balance registered a 55.5 billion Turkish liras ($4.1 billion) surplus in February, the Treasury and Finance Ministry said on Monday.

Cash revenues of the Treasury amounted to 277.5 billion Turkish liras ($20.4 billion) last month, jumping 183% on a lira basis from February 2021.

Including interest payments of 41.1 billion Turkish liras ($3 billion), its expenditures hit some 222.8 billion Turkish liras ($16.4 billion), up 119% year-on-year.

The Treasury’s non-interest expenditures amounted to nearly 181.7 billion Turkish liras ($13.3 billion).

The Treasury in February received 750 million Turkish liras ($55 million) in privatization or fund income including transfers by the Turkish Privatization Administration, 4.5G license payments, and land sale revenues.

The average US dollar/Turkish lira exchange rate was 13.63 last month.

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