Türkiye's short-term foreign debt stable at $175.4B at end of March

Türkiye's short-term foreign debt stable at $175.4B at end of March

External debt due to be paid over next 12 months rises slightly by 0.1% from end-2023

By Tuba Ongun

Türkiye's short-term external debt stock was mostly stable over the span of a month, registering at $175.4 billion as of the end of March, according to official data released on Friday.

A statement by the Central Bank said foreign debt due to be paid over the next 12 months rose slightly, up by 0.1%, from end-2022

In this period, lenders' short-term external debt stock went up by 4.1% to $71.2 billion, while that of other sectors fell 3.7% to $58.2 billion.

Trade credits due to imports under other sectors amounted to $51.7 billion in December 2023, a decline of 3.4% from the end of 2022.

As of the end of last year, some 51.6% of the debt stock was in US dollars, 22.1% in euros, 10.6% in Turkish liras, and the remaining 15.7% in other currencies.

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