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Turkey: Central government gross debt stock at $208B

Treasury says central government gross debt stock climbs 27.3% year-on-year in May

News Service
12:42 - 21/06/2019 Cuma
Update: 12:43 - 21/06/2019 Cuma
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FILE PHOTO: A picture illustration shows a 100 Dollar banknote laying on various denomination Turkish lira banknotes, taken in Istanbul, January 7, 2014. REUTERS/Murad Sezer/File Photo
FILE PHOTO: A picture illustration shows a 100 Dollar banknote laying on various denomination Turkish lira banknotes, taken in Istanbul, January 7, 2014. REUTERS/Murad Sezer/File Photo

Turkey’s central government’s gross debt stock amounted to 1.22 trillion Turkish liras (around $208 billion) as of May this year, according to an official report on Thursday.

The country's Treasury and Finance Ministry said the figure was up 27.3% 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% 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 18.7 billion Turkish liras (some $3.18 billion) as of May 31.

As of the end of 2018, the Turkish government’s gross debt stock amounted to 1.07 trillion Turkish liras ($202.5 billion).

The U.S. dollar/Turkish lira rate was 5.87 as of end-May, up from 4.04 at the end of last year.

#Central Bank
#central government gross debt stock
#households
#private companies
#public sector institutions
#Treasury
#Treasury and Finance Ministry
#treasury receivables
#Turkey
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