Czech regulator hikes rates by 0.25bp to 3.75% in first monetary change in 13 months
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Turkey’s net public debt stock rose by 29% y/y and 13% q/q to TRY306bn (€44bn) as of the end of June, the highest level registered since Q1 2011, the Treasury said on September 28.
The figure moved up by 20% y/y to TRY262bn at the end of 2017.
The public net debt stock to GDP ratio rose to 9% at end-June, the highest level since Q4 2014. The ratio stood at 8.4% of GDP at the end of 2017.
The gross public debt stock rose by 6% q/q and 21% y/y to TRY1.06tn at the end of June, including TRY429bn or 41% of external debt.
Gross public debt grew 16% y/y to TRY955bn at the end of 2017.
The EU-defined general government debt stock rose by 23% y/y and 7% q/q to reach TRY990bn at the end of June. That parameter rose by 19% y/y to TRY878bn at the end of 2017.
The EU-defined debt stock to GDP ratio edged up to 29.2% at the end of June, the highest level since Q3 2014. The ratio stood at 28.4% at the end of 2017.
The government expects the EU-defined debt stock to GDP ratio to rise to 31.1% in 2018 from 28.3% in 2017, according to the latest medium-term programme.
The gross debt stock of Turkey's central government jumped by 14% m/m and 41% y/y to stand at TRY1.15tn in July, the Treasury said on September 20.
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