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.
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.—AA
