Turkish Treasury Posts $4.35B Cash Surplus İn November

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.



Last month, the Treasury's cash revenues totaled 80.67 billion Turkish liras (nearly $15 billion), increasing 28 percent on a yearly basis.



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).



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.



The cash surplus of $4.35 billion represents the Treasury's cash revenues minus expenditures, including interest payments, in November.



The average U.S. dollar/Turkish lira exchange rate was 5.38 last month. -