By Muhammed Ali Gurtas
ANKARA (AA) – Turkey’s Treasury and Finance Ministry said Monday that the government’s gross debt stock was around 1.21 trillion Turkish liras (around $203 billion) at the end of April.
Last month’s figure was up 31.4% from the same period last year, according to official data.
The gross debt stock includes the outstanding debt of public sector institutions, the Central Bank, private companies and households.
The Treasury said 49.2% of the debt stock is denominated in Turkish lira while the rest is in foreign currency.
As of the end of 2018, the Turkish government’s gross debt stock amounted to 1.07 trillion Turkish liras ($202.5 billion).
Meanwhile, the stock of Treasury receivables stood at 19 billion Turkish liras (nearly $3.18 billion) as of April 30.
The U.S. dollar/Turkish lira rate was 5.96 as of end-April, up from 4.04 at the end of last year.