In the January-October period, the Treasury’s cash revenues increased to 7 trillion 65 billion lira. Treasury cash revenues were 4 trillion 25 billion lira in the first 10 months of last year. Thus, there was a 75.5 percent increase in cash income.
Cash expenses increased to 8 trillion 775 billion lira in the first 10 months. There was a 92.7 percent increase in cash expenses, which were 4 trillion 554 billion lira last year.
Among cash expenses, interest expenses increased by 117.3 percent, while non-interest expenses increased by 90.0 percent. Thus, the Treasury Cash Balance, which was 524 billion lira in the first 10 months of last year, had a deficit of 1 trillion 703 billion lira this year. The deficit in the Treasury cash balance increased by 225.1 percent compared to last year.
While this deficit created by savings measures attracted attention, it made one wonder how much of a deficit would have occurred if there had been no savings.
Source: www.dunya.com
