Turkey’s Ministry of Treasury and Finance announced on July 5th, 2019 that its cash deficit as of June 30th, 2019 was TL 11,016 million (USD 1.9 billion). Total income in June was TL 56.8 billion (USD 9.9 billion) and total expenditure was TL 69 billion (USD 12 billion). Expenditure was made up of non interest expenditure of TL 64.5 billion (USD 11.2 billion) and interest payments of TL 4.5 billion (USD 0.8 billion).
The balance for the first half of 2019 reflected a deficit of TL 77.9 billion (USD 14 billion). The Treasury received TL 417.7 billion (USD 75 billion) in revenue during the first half, while expenditures were shown as TL 498 billion (USD 89.4 billion). Expenditure was made up of non interest expenditure of TL 447.8 billion (USD 80.4 billion) and interest payments of TL 50.1 billion (USD 9 billion).
In 2018, the Treasury's cash balance showed a deficit of TL 70.4 billion (USD 15.5 billion). Revenue was TL 773.8 billion (USD 170.4 billion), while expenditures, including interest payments, totalled TL 850.5 billion (USD 187.3 billion) in this year. Expenditures included TL 70.5 billion (USD 15.5 billion) in interest payments, and non-interest payments amounted to TL 780 billion (USD 171.8 billion).
The U.S. dollar/Turkish lira exchange rate at the end of June 2019 was TL 5.76, and an average rate of TL 5.57 was used for the first half of 2019. The rate was TL 4.54 on average in 2018.