Treasury posts TRY 55bn surplus in February

The Treasury’s cash balance registered a TRY 55.5bn surplus in February, according to the Ministry of Treasury and Finance.

Cash revenues of the Treasury amounted to TRY 277.5bn last month, jumping 183% on a TRY basis from February 2021.

Including interest payments of TRY 41.1bn, its expenditures hit some TRY 222.8bn, up 119% year-on-year.

The Treasury’s non-interest expenditures amounted to nearly TRY 181.7bn.

The Treasury in February received TRY 750m in privatization or fund income – including transfers by the Turkish Privatization Administration, 4.5G license payments, and land sale revenues.