Türkiye's short-term foreign debt hits $145.6B at end-2022

External debt due to be paid over next 12 months surges 22.1% from previous year

ANKARA (AA) - Turkiye's short-term foreign debt stock reached $145.6 billion as of the end of 2022, according to official data released on Friday.

The external debt due to be paid over the next 12 months rose 22.1% from the end-2021, a Turkish Central Bank statement said.

In this period, lenders' short-term external debt stock hiked 22.3% to $60.1 billion, while other sectors' short-term external debt stock went up 19.7% to $52.6 billion.

The trade credits due to imports under other sectors totaled $46.9 billion in December 2022, a rise of 20.7% from the end of the previous year.

"The short-term debt of the public sector, which consists of public banks, increased by 30% to $28.9 billion and the short-term debt of the private sector increased by 18.2% to $83.9 billion compared to the end of 2021," it added.

As of the end of December 2022, some 45.2% of the debt stock was in US dollars, 26% in euros, 9.7% in Turkish liras, and the remaining 19.1% in other currencies.

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