Central government gross debt stock at $208 billion
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).