Economy

Turkey: Central government gross debt stock at $243.9B

Debt stock 47.2% higher than November 2019, according to Treasury and Finance Ministry

Yunus Girgin   | 21.12.2020
Turkey: Central government gross debt stock at $243.9B

ISTANBUL 

The gross debt stock of Turkey's central government stood at 1.87 trillion Turkish liras (around $243.9 billion) at the end of November, according to official figures released on Monday.

The figure was 47.2% higher than the same month last year, the Treasury and Finance Ministry said in a statement.

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

Around 42.3% of the debt stock is denominated in the local currency, while the rest is in foreign currencies, the ministry said.

While some 1.1 trillion Turkish liras ($140 billion) of the debt was domestic, around 797 billion Turkish liras ($103.8 billion) was external, it added.

The stock of the Treasury receivables stood at 18.5 billion Turkish liras ($2.41 billion) as of the end of November.

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