Türkiye's short-term foreign debt at $138.1B in August

By Gokhan Ergocun

ISTANBUL (AA) - Türkiye’s short-term foreign debt stock totaled $138.1 billion as of the end of August, according to official data released on Monday.

The external debt due to be paid over the next 12 months climbed 13.6% from end-2021, the Turkish Central Bank said.

Lenders’ short-term external debt stock rose 8.2% to $55.6 billion, while other sectors’ short-term external debt stock climbed 15.4% to $50.9 billion.

Trade credits due to imports under other sectors were at $45.7 billion, up 17.5% compared to the end of last year.

“The short-term debt of the public sector, which consists of public banks, increased by 13.6% to $25.2 billion and the short-term debt of the private sector increased by 10.9% to $81.3 billion compared to the end of 2021,” read a bank statement.

As of the end of August, 46.2% of the debt stock was in US dollars, 26.1% in euros, 8.6% in Turkish liras, and the remaining 19.1% in other currencies.