Money

Turkey: Central government gross debt stock hits $233B

End-June figure up 23.5% from same period last year, according to Treasury and Finance Ministry

The gross debt stock of Turkey’s central government stood at 1.6 trillion Turkish liras (around $233 billion) at the end of June, according to official figures released on Monday.

The figure was 23.5% higher than the same month last year, the Treasury and Finance Ministry announced.

The gross debt stock includes the outstanding debt of public sector institutions, the Central Bank, private companies, and households.

More than half of the debt stock, 818.4 billion Turkish liras ($119.5 billion), is denominated in foreign currency, the ministry said.

Nearly 984 billion Turkish liras ($143 billion) of the debt was domestic and 657 billion liras ($96 billion) were external,it added.

The stock of Treasury receivables stood at 18.2 billion Turkish liras (nearly $2.6 billion) as of June 30.

The US dollar/Turkish lira exchange rate was 6.85 at the end of last month.

Source
Anadolu Agency

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