Turkey’s central government debt falls slightly to EUR 195bn at end-February.

By bne IntelliNews March 21, 2014

Turkey’s central government gross debt stock declined to TRY 600bn (EUR 195bn) at the end of February from TRY 602.5bn at the end of January, the Treasury said on Thursday.

TRY 407.1bn of the debt stock is denominated in local currency and TRY 192.9bn is denominated in foreign currencies. Domestic debt stock increased to TRY 407.1bn from TRY 406.3bn while external debt stock declined to TRY 193bn from TRY 196.2bn. The central government gross debt stock stood at TRY 585.5bn (domestic debt: TRY 403bn and external debt: 182.1bn) at the end of 2013.

Separately, the Treasury said a Grant Agreement for USD 669,875 provided by the United States Trade and Development Agency (USTDA), regarding the financing of a feasibility study on the 17 Megawatt (MW) Seyhan Hydrokinetic Power Project, was signed. The Grant will be utilized for the partial financing of the cost of goods and services required for a feasibility study on the Project which will be implemented by the Electricity Generation Company of Turkey.

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