Türkiye's short-term foreign debt at $134.6B in July

External debt due to be paid over next 12 months up 10.7% from end-2021

By Gokhan Ergocun

ISTANBUL (AA) - Türkiye’s short-term foreign debt stock totaled $134.6 billion as of the end of July, according to official data released on Friday.

The external debt due to be paid over the next 12 months climbed 10.7% from the end-2021, the Turkish Central Bank said.

Lenders’ short-term external debt stock increased 7.6% to $55.3 billion, while other sectors’ short-term external debt stock went up 12.2% to $49.5 billion.

Trade credits due to imports under other sectors were at $44.5 billion, an increase of 14.6% compared to the end of last year.

“The short-term debt of public sector, which consists of public banks, increased by 10.4% to $24.5 billion, and the short-term debt of private sector increased by 9.5% to $80.3 billion compared to the end of 2021,” read a bank statement.

As of the end of July, 46.5% of the debt stock was in US dollars, 25.5% in euros, 8.8% in Turkish liras, and the remaining 19.2% in other currencies.

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