The Treasury had a deficit of TL 417 billion in the four months leading up to the election.
The Ministry of Finance and Treasury has published the ‘Treasury Realizations’ data for April 2023.
Consequently, the Treasury cash deficit in April was TL 159.1 billion. In April, the primary cash deficit was announced at TL 132.1 billion.
Thus, in the January-April period of the four months prior to the elections, the Treasury had a cash deficit of TL 417 billion in total.
The Treasury had a deficit of TL 171.5 billion in February, when the earthquakes centered in Kahramanmaraş occurred, and this figure was recorded monthly as a record.
The Treasury had a deficit of TL 66.8 billion in the January-April period last year and TL 43.7 billion in April.
The Treasury’s interest expense, which was TL 93 billion in the first four months of last year, increased to TL 115.4 billion in the same period this year.
The Treasury’s net borrowing, which was TL 82.3 billion in the first four months of 2022, increased to TL 286.8 billion in the same period this year.
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
