External Debt Increases by 4 Billion Dollars in First Half of 2018

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The Ministry of Treasury and Finance has announced the gross external debt stock of Turkey as of June 30, 2018 as 457 billion dollars. The ratio of debt stock to domestic income has been stated as 51.8 percent.

The debts incurred by the Central Bank of the Republic of Turkey (TCMB) and the private sector have been included in the gross external debt.

Net debt

The net external debt stock of Turkey has been announced as 300.4 billion dollars and its ratio to the domestic income has been 34.1 percent.

Public debts

The net public debt stock of Turkey has been announced as 305.9 billion Turkish Lira (TRY) and its ratio to the domestic income has been 9 percent.

In the same period, the "EU-defined general government debt stock" has been 990.4 billion TRY and its ratio to the domestic income has been announced as 29.2 percent.

The EU-defined general government debt stock is calculated within the frame of "Maastricht Criteria", which are prerequisite for accession to the economic and monetary union in the European Union (EU). This debt amount is a data with international comparability.

The amount of debt in 2017

In the end of 2017, the gross external debt stock of Turkey increased by 9 billion 40 million dollars in comparison with the same period in the previous year and became 453 billion 207 million dollars.

Therefore, the gross external debt has increased by approximately 4 billion dollars in the first half of 2018.

The EU-defined general government debt stock has also been increasing; it was 877 million 943 TRY in 2017. (HK/SD)