Economy

Turkey: Central government gross debt stock at $219B

Treasury figures reveal 49.35% of debt stock is denominated in foreign currency while rest is in local currency

Gokhan Ergocun   | 20.11.2019
Turkey: Central government gross debt stock at $219B

ISTANBUL

Turkey’s central government gross debt stock stood at nearly 1.26 trillion Turkish liras ($219 billion) as of October this year, the Treasury and Finance Ministry announced Wednesday.

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

Treasury figures revealed that 49.35% of the debt stock is denominated in foreign currency while the rest is in local currency.

Meanwhile, 43.46% of total debt stock was constituted by foreign debt stock.

The stock of Treasury receivables amounted to 18.2 billion Turkish liras ($3.16 billion) as of Oct. 31.

As of the end of 2018, the Turkish government’s gross debt stock amounted to 1.07 trillion Turkish liras ($202.5 billion).

The U.S. dollar/Turkish lira exchange rate was 5.75 as of end-October, up from 4.04 at the end of last year.

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