Turkiye's short-term foreign debt at $125.5B in January

By Tuba Sahin

ANKARA (AA) – Turkiye's short-term foreign debt stock totaled $125.5 billion as of the end of January, according to official data revealed on Thursday.

The external debt due to be paid over the next 12 months increased 4.3% from the end-2021, the Turkish Central Bank said in a statement.

In this period, lenders' short-term external debt stock rose 2.9% to $53 billion, while other sectors' short-term external debt stock climbed 6.1% to $45.3 billion.

The trade credits due to imports under other sectors amounted to $40.1 billion, up 7.2% during the same period.

"The short-term debt of public sector, which consists of public banks, increased by 1.5% to $22.6 billion and the short-term debt of private sector increased by 5.2% to $75.7 billion compared to the end of 2021," it noted.

As of the end of January, some 45.7% of the debt stock was in US dollars, 25.9% in euros, 9.3% in Turkish liras, and the remaining 19.1% in other currencies.