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Turkish Treasury Sees $6.3B Cash Surplus in May

Ankara: The Turkish Treasury’s cash balance reported a significant surplus of 247.12 billion Turkish liras ($6.3 billion) in May 2025, as announced by the Treasury and Finance Ministry on Tuesday. This marks a notable financial development for the nat…

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21-Karat Gold Price Stands at JD84 in Local Market

Amman: The selling price of a gram of 21-karat gold, the most popular among consumers in the local market, stood at JD84 at jewelry shops on Monday, compared with JD80 for purchases.

According to Jordan News Agency, the price bulletin issued by the …

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Turkish Treasury Sees $6.3B Cash Surplus in May

Ankara: The Turkish Treasury's cash balance reported a significant surplus of 247.12 billion Turkish liras ($6.3 billion) in May 2025, as announced by the Treasury and Finance Ministry on Tuesday. This marks a notable financial development for the nation in that month.

According to Anadolu Agency, the Treasury's cash revenues experienced a 31% increase on a monthly basis, reaching a total of 1.35 trillion Turkish liras ($34.4 billion). This upward trend in revenue collection played a crucial role in achieving the surplus. On the expenditure side, the Treasury's total spending, which includes interest payments of 102.3 billion Turkish liras ($2.6 billion), decreased by 9% to 1.1 trillion Turkish liras ($28.1 billion). The non-interest expenditures were recorded at 999 billion Turkish liras ($25.5 billion) for the month.

In contrast, during the January to May period, the Turkish Treasury experienced a deficit of 838 billion liras ($21.4 billion). The revenues for these five months were recorded at 4.8 trillion liras ($122.3 billion), while expenditures amounted to 5.65 trillion liras ($144.1 billion). The exchange rate for USD/TRY stood at 39.19 on May 30.