NEWS Finance        20/04/2020

Turkey’s central administration gross debt stock is USD 222.5 billion in March 2020

According to figures prepared by the Ministry of Treasury and Finance, Turkey’s central administration gross debt was Turkish liras 1,462 billion (USD 222.5 billion) as of March 31st, 2020, an increase of 3.7% compared to the previous month in Turkish lira value.

 

This debt stock represents the outstanding debt of public sector institutions and the Central Bank. The US dollar/Turkish lira exchange rate was TL 6.57 at the end of March 2020, TL 6.23 at the end of February 2020, TL 5.98 at the end of January 2020, and TL 5.94 at the end of December 2019.

 

Of the total gross debt stock, TL 684.6 billion (USD 104.2 billion), or 46.8%, was denominated in Turkish liras while TL 777.4 billion (USD 118.3 billion), or 53.2%, was in foreign currency. 

 



Turkey’s net minimum wage has been raised 50.52% to TL 4,253.40 (USD 319) as of 01.01.2022       Migration communication helpline 157 available for foreigners in Turkey       Read our homepage articles on developments in the Turkish economy       Turkey’s official annual inflation rate rises further to 69.97% in April 2022       Turkey’s official unemployment rate jumps to 11.5% in March 2022       Read our BUSINESS section for latest sectoral and corporate news       Turkey’s population is 84,680,273 as of 2021 yearend       Foreigners visiting Turkey in 2021 increase by 94.1% to 24.7 million       Turkey’s private sector foreign debt is USD 169.4 billion as of 2021 yearend       Turkey’s economy grew 11% in 2021       Foreign Direct Investment to Turkey in 2021 was USD 14 billion       Turkey’s current account records a deficit of USD 14 billion in 2021