Central government gross debt stock at $208 billion

Dünya Executive - - OVERVIEW -

Turkey’s central government’s gross debt stock amounted to TRY 1.22 trillion (around $208 billion) as of May this year, according to an official report on June 20. The country’s Treasury and Finance Ministry said the figure was up 27.3 percent on a yearly basis. The gross debt stock includes the outstandin­g debt of public sector institutio­ns, the Central Bank, private companies, and households. The report said 49.2 percent of the debt stock is denominate­d in the local currency while the rest is in foreign currency. Meanwhile, the stock of Treasury receivable­s stood at TRY 18.7 billion (some $3.18 billion) as of May 31. As of the end of 2018, the Turkish government’s gross debt stock amounted to TRY 1.07 trillion ($202.5 billion).

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