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Turkey: Central government gross debt stock hits $238B

Turkey: Central government gross debt stock hits $238B
Debt stock 50% higher than September 2019, according to Treasury and Finance Ministry

By Gokhan Ergocun

ISTANBUL (AA) - The gross debt stock of Turkey's central government stood at 1.86 trillion Turkish liras (around $237.8 billion) at the end of September, according to official figures released on Tuesday.

The figure was 50% higher than the same month last year, the Treasury and Finance Ministry said in an announcement.

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

Around 44% of the debt stock is denominated in the local currency, while 56% is in foreign currencies, the ministry said.

A total of 59.3% of the debt was domestic and the rest external, it added.

The stock of Treasury receivables stood at 18.9 billion Turkish liras ($2.4 billion) as of the end of September.

source: News Feed
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