Turkish central government gross debt stock totals $215B as of end-2022

Turkish central government gross debt stock totals $215B as of end-2022

Figure up by over 47% from same period last year, according to Treasury and Finance Ministry data

By Gokhan Ergocun

ISTANBUL (AA) – The Turkish central government's gross debt stock totaled 4.03 trillion Turkish liras ($215.1 billion) as of the end of 2022, according to official figures released on Friday.

Data from the Treasury and Finance Ministry showed that the figure soared by 47% last month from December 2021.

It includes the outstanding debt of public bodies, the Turkish Central Bank, private companies, and households.

Some 34.5% of the debt stock is denominated in Türkiye's local currency, while the rest is in foreign currency.

While 1.9 trillion Turkish liras ($101.4 billion) of the debt was domestic, some 2.13 trillion liras ($113.7 billion) of it was external.

The data also showed that as of Dec. 31, the stock of Treasury receivables totaled 20.6 billion Turkish liras ($1.09 billion).

The US dollar/Turkish lira exchange rate was around 18.73 at the end of the last year.

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