Turkey: Central government gross debt stock hits $232B

By Tuba Sahin

ANKARA (AA) – The gross debt stock of Turkey's central government amounted to 1.9 trillion Turkish liras (around $232 billion) as of Oct. 31 this year.

The October figure soared 53.4% compared to the corresponding period last year, the Treasury and Finance Ministry data showed on Friday.

The gross debt stock includes the outstanding debt of public sector institutions, the Central Bank, private companies, and households.

Some 41.7% of the debt stock is denominated in local currency, while the rest is in foreign currency, the ministry said.

While 1.1 trillion Turkish liras ($132.9 billion) of the debt was domestic, some 826.3 billion liras ($99.1 billion) was external, it added.

Data also showed that the stock of Treasury receivables reached to 19.2 billion liras ($2.3 billion) at the end of last month.

The US dollar/Turkish lira exchange rate was around 8.34 at the end of this October.