Turkey: Government gross debt stock up in April
Treasury reports central government debt stock in April rises 15.8 pct year-on-year, reaching $226.8 billion
By Muhammed Ali Gurtas
ANKARA
Turkish government’s gross debt stock stood at 921.1 billion Turkish liras (nearly $226.8 billion) at the end of April, the Undersecretariat of Treasury announced on Monday.
Last month, the gross debt stock -- the outstanding debt of public sector institutions, the Central Bank, private companies
Some 553.1 billion Turkish liras (around $136.2 billion) or 60 percent of the debt was denominated in local currency while 368.1 billion
In April, the central government debt stock rose 0.87 percent from 913.1 billion Turkish liras (nearly $234.7 billion) at the end of March.
The stock of Treasury receivables amounted to 17.3 billion Turkish liras (some $4.26 billion) as of April 30.
"Local governments with the stock of 11.2 billion
According to the Turkish Central Bank, the average U.S. dollar/Turkish lira exchange rate was 4.06 this April while one dollar was traded for 3.66 Turkish liras on average the same month last year.
As of Dec. 31, 2017, Turkish government’s gross debt stock amounted to nearly 876.5 billion Turkish liras ($227.6 billion), while the figure was around 760 billion Turkish liras ($217.1 billion) at the end of the previous year.
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