Turkish Treasury sees $2B cash deficit in October

ISTANBUL 

The Turkish Treasury saw a cash balance deficit of 11.89 billion Turkish liras (nearly $2 billion) in October, the country’s Treasury and Finance Ministry announced on Thursday.  

The Treasury’s cash revenues totaled 71.8 billion Turkish liras (some $12.5 billion), up 7% year-on-year in October.

Its expenditures, including interest payments of 7.6 billion Turkish liras ($1.3 billion), rose 21.8% to 83.7 billion Turkish liras ($14.55 billion), compared to the same month last year.

In October, the Treasury’s non-interest expenditures were 76 billion Turkish liras ($13.2 billion). 

During the first 10 months of this year the country’s revenues and expenditures reached

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