Ministry of Treasury and Finance

The Turkish Treasury's cash balance posted a deficit of 29 billion Turkish liras ($3.36 billion) last month, the Ministry of Treasury and Finance announced on June 7. 

In May, the Treasury's cash revenues totaled 85.26 billion liras ($9.88 billion), showing a 13.5% yearly increase.


The European Bank for Reconstruction and Development (EBRD) has provided a $100 million fund for Denizbank to support companies' investments in green technologies and women-led businesses in Turkey amid the COVID-19 pandemic.

The loan with a long-term maturity of up to seven years will help to build the resilience of the Turkish economy, the EBRD said in a statement on Feb. 19.

Turkey's central government budget balance posted a deficit of some 66.5 billion Turkish liras ($11.9 billion) in the January-May period this year, the Ministry of Treasury and Finance announced on June 17.

Moody's decision to downgrade Turkey's credit rating is incompatible with the country's fundamental economic indicators, the Ministry of Treasury and Finance said early on June 15.