Government gross debt stock totals nearly $197B

Dünya Executive - - OVERVIEW -

Turkey’s central government gross debt stock amounted to TRY 1.08 tr ll on (around $197 b ll on) as of October, accord ng date released on November 20 by the Treasury. The Treasury and F nance M n stry reported that the f gure posted a 24.8 percent annual h ke. The gross debt stock ncludes the outstand ng debt of publ c sector nst tut ons, the Central Bank, pr vate compan es, and households. The Treasury sa d 54.4 percent of the debt stock s denom nated n local currency. Off c al f gures also showed that the stock of Treasury rece vables totaled TRY 19 b ll on (nearly $3.45 b ll on) as of October 31. The Turk sh government’s gross debt stock was TRY 876.5 b ll on (some $232 b ll on) at the end of last year. The U.S. dollar/Turk sh l ra rate was 5.51 as of end of October, up from 3.78 at the end of 2017. percent month-on-month n November and h t 59.6 compared to 57.3 n October, accord ng to off c al data released by the Turk sh

Stat st cal Inst tute (TurkStat) on November

22. All sub- nd ces of the ma n ndex but one except were h gher n the month. The general econom c s tuat on expectat ons ndex saw the largest mprovement, up 6.2 percent to 77.4 po nts. The f nanc al s tuat on expectat ons of households ndex was the second-best performer, r s ng by 5.4 percent from last month to 77.5 po nts n November. The probab l ty of sav ng ndex - nd cat ng people’s expectat on of earn ng enough money to save rose 4.8 percent to reach 20.1 po nts from 19.2 n October. The only ndex that saw a decl ne was unemployme­nt expectat ons - a gauge of sent ment about the health of the labor market - wh ch dropped 0.3 percent compared to last month to 63.4 po nts.

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