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Record open from Treasury in Pandemic

According to data released by the Treasury and Finance Ministry last night, two-thirds of the Treasury’s monthly cash deficit broke a record with 40 billion 445 million TL in March last year. The highest monthly cash deficit before was given in December 2019 with 36.8 billion TL.

3 MONTH CASH DEFICIT

The quarterly cash deficit of the Treasury covering the January-March period was 26.4 billion TL.

The total revenue of the Treasury, which was 87.3 billion TL in February, fell to the lowest level of the last two years with 53.9 billion TL in March. Treasury’s expenditures, which were 96.1 billion TL in February, reached 94.7 billion TL in March.

TAX COLLECTIONS DIVIDED

The shift in tax collections due to the epidemic was effective in the decrease in revenue and the growth of cash deficit.

LAST SITUATION IN TREASURY CASH BALANCE

Net borrowing of the Treasury reached 16.2 TL in March and 63.3 billion TL in three months.

Interest expenditures of the Treasury were 11 billion TL in March and 31.5 billion TL in three months.

Treasury cash balance is also a leading indicator in terms of budget balance data.

Budget cash balance refers to the cash balance of the central budget, while Treasury cash balance refers to the difference between the revenues and expenses of the general budget, which is part of the central budget.

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