Turkey's central government gross debt stock at $241B in July

Treasury and Finance Ministry says end-July figure fell 18% from same period last year

By Tuba Sahin

ANKARA (AA) - The Turkish central government's gross debt stock totaled 2 trillion Turkish liras (around $241 billion) as of the end of July, according to official figures on Friday.

The Treasury and Finance Ministry said the figure slipped 18% from the same period last year.

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

Some 42.8% of the debt stock is denominated in Turkey's local currency, while the rest is in foreign currency, the ministry data showed.

While 1.15 trillion Turkish liras ($136.7 billion) of the debt was domestic, some 880 billion liras ($104.4 billion) was external, it added.

The data also showed that as of July 31, the stock of Treasury receivables totaled 17.5 billion liras ($2.1 billion).

The US dollar/Turkish lira exchange rate was around 8.43 at the end of July.

Kaynak:

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