The central government central government gross debt stock rose by 1.4% m/m and 10.1% y/y to TRY 585.7bn (EUR 193bn) at end-2013 from TRY 577.9bn at end-Nov and TRY 532.2bn at end-2012, data of the Treasury showed on Monday.
TRY 403bn of the debt stock is denominated in local currency and TRY 182.7bn is denominated in foreign currencies, the Treasury said.
Domestic debt stock declined to TRY 422.2bn at end-2013 from TRY 428bn at end-November while foreign debt stock rose to USD 85.6bn from USD 85.5bn, data also showed.
The central government debt stock stood at TRY 518.4bn at end-2011.
Turkey’s main business lobby has called on the government to end the 19-month-long state of emergency introduced in July 2016 after the failed coup. At the end of last week, parliament extended ... more
Turkey will not extradite any terror suspects to the US if Washington continues to refuse to hand over Fethullah Gulen, President Recep Tayyip Erdogan said on January 11. Ankara blames the ... more
Turkey has chided what it sees as a feeble Arab reaction to Donald Trump’s decision to reverse decades of US foreign policy by recognising Jerusalem as Israel’s capital. Speaking on December ... more