Türkiye's short-term foreign debt at $133.4B in April

By Gokhan Ergocun

ISTANBUL (AA) - Türkiye's short-term foreign debt stock amounted to $133.4 billion as of the end of April, according to official data released on Friday.

The external debt due to be paid over the next 12 months soared 9.6% from the end-2021, a Turkish Central Bank statement said.

In this period, lenders' short-term external debt stock increased 7.3% to $55.3 billion, while other sectors' short-term external debt stock went up 10.2% to $48.6 billion.

The trade credits due to imports under other sectors totaled at $43.1 billion, rising 11% during the same period.

"The short-term debt of public sector, which consists of public banks, increased by 10.4 percent to $24.5 billion and the short-term debt of private sector increased by 8.1 percent to $79.4 billion compared to the end of 2021," it noted.

As of the end of April, some 45.5% of the debt stock was in US dollars, 24.9% in euros, 9.9% in Turkish liras, and the remaining 19.7% in other currencies.