Turkey posts 2010 cash deficit of 34.9 billion TL

Turkey's Treasury said it posted a cash deficit of 34.9 billion Turkish lira in 2010 although it ran a primary surplus of 6.2 billion TL last year.

 Turkey posts 2010 cash deficit of 34.9 billion TL

Turkey's Treasury said Monday it posted a cash deficit of 34.9 billion Turkish lira in 2010 although it ran a primary surplus of 6.2 billion TL last year.

"In the January-December period of 2010, 240.4 billion TL revenue was collected on a cash basis and non-interest expenditure was performed as 234.2 billion TL, accordingly, primary surplus registered as 6.2 billion TL. Adding up the interest expenditures amounting 47.9 billion TL and funds income and privatization revenues of 6.7 billion TL, the Treasury cash balance registered 34.9 billion TL deficits," Treasury said in a statement.

In December only, the Treasury cash balance registered 12.4 billion TL deficit.

"In December, 2.1 billion TL net borrowing, consisting of 295 million TL net external borrowing and 1.8 billion TL net domestic borrowing, was realized. Within the same period, due to the changes in the exchange rates, the Treasury accounts have increased 252 million TL. Consequently, the net decrease in the Treasury accounts in December was 9.8 billion TL," it said.


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Last Mod: 11 Ocak 2011, 09:47
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