NEWS Finance        22/09/2020

Turkey’s central administration gross debt stock is USD 247 billion in August 2020

According to figures prepared by the Ministry of Treasury and Finance, Turkey’s central administration gross debt was Turkish liras 1,810.4 billion (USD 247 billion) as of August 31st, 2020, an increase of 5.2% 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 7.33 at the end of August and TL 6.94 at the end of July 2020.


Of the total gross debt stock, TL 824.3 billion (USD 112.5 billion), or 45.5%, was denominated in Turkish liras while TL 986.1 billion (USD 134.5 billion), or 54.5%, was in foreign currency. 


Turkey’s net minimum wage has been raised 21.56% to TL 2,825.90 (USD 380) as of 01.01.2021       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 increases to 19.25% in August 2021       Turkey’s official unemployment rate shoots back up to 12% in July 2021       Read our BUSINESS section for latest sectoral and corporate news       Turkey’s population is 83,614,362 as of 2020 yearend       Foreigners visiting Turkey in 2020 falls by 71.7% to 12.7 million       Turkey’s private sector foreign debt is USD 173.9 billion as of 2020 yearend       Turkey’s economy grew by 1.8% in 2020       Foreign Direct Investment inflow to Turkey was USD 7.7 billion in 2020