Economy

Turkish central government gross debt stock hits $211.5B in 2021

Treasury and Finance Ministry's data shows end-2021 figure rises 51.6% from 2020

Gokhan Ergocun   | 20.01.2022
Turkish central government gross debt stock hits $211.5B in 2021

ISTANBUL

The Turkish central government's gross debt stock amounted to 2.75 trillion Turkish liras ($211.5 billion) at the end of 2021, official figures showed on Thursday.

The Treasury and Finance Ministry's data showed that the figure was up by 51.6% versus the end of 2020.

The gross debt stock includes the outstanding debt of public sector institutions, the central bank, private companies, and households.

Some 33.96% of the debt stock is denominated in Turkiye’s local currency, while the rest is in foreign currency.

While 1.32 trillion Turkish liras ($101.5 billion) of the debt was domestic, some 1.42 trillion liras ($109.7 billion) was external, it added.

Data also showed that as of Dec. 31, the stock of Treasury receivables totaled 20.7 billion liras ($1.6 billion).

The US dollar/Turkish lira exchange rate was around 13 at the end of 2021.

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