Turkish Treasury posts $4.35B cash surplus in November

By Gokhan Ergocun </p> <p>ISTANBUL (AA) – Turkey's Treasury and Finance Ministry announced on Friday that Turkish Treasury's cash balance saw a surplus of 4.35 billion Turkish liras ($800 million) in November.</p> <p>Last month, the Treasury's cash revenues totaled 80.67 billion Turkish liras (nearly $15 billion), increasing 28 percent on a yearly basis.</p> <p>Its expenditures — including interest payments of 6.66 billion Turkish liras ($1.24 billion) — also rose 31.8 percent to 76.3 billion Turkish liras ($14.2 billion).</p> <p>In November, the Treasury's non-interest expenditures amounted to 69.66 billion Turkish liras ($12.94 billion) — an 11-billion-lira ($2 billion) surplus — in the primary balance. </p> <p>The cash surplus of $4.35 billion represents the Treasury's cash revenues minus expenditures, including interest payments, in November.</p> <p>The average U.S. dollar/Turkish lira exchange rate was 5.38 last month.