7/18/2019
Short Term Foreign Debt Stock is Recorded as $ 120 Billion as of the End of May
Short term debts of the public sector is recorded as US$ 23.3 billion increasing by 3.5 % compared to the end of 2018, whereas the short term foreign debts of the private sector reached US$ 91.7 billion increasing by 4.0 %
Central Bank of the Turkish Republic has disclosed the Short Term Foreign Debt data as of the end of May. According to the disclosure, the short term foreign debt stock realized as US$ 120.4 billion as of the end of May increasing by 3.3 % compared to the end of 2018. The currency composition of the debt stock consisted of 52,3 % of US Dollars, 29.9 % of Euros, 12.9 % of TL and 4.9 % of other currencies. Short term debts of the public sector of which the entirety is constituted by public banks is recorded as US$ 23.3 billion increasing by 3.5 % compared to the end of 2018, whereas the short term foreign debts of the private sector reached US$ 91.7 billion increasing by 4.0 %. The short term foreign debt stock of banks is recorded as US$ 55.8 billion for the given period decreasing by 2.2 %, whereas the short term foreign debt stock of other sectors realized at a level of US$ 59.1 billion increasing by 10.5 %. Short term credits secured from abroad by banks decreased by 8.8 % compared to the end of 2018: Short term credits secured from abroad by banks realized at a level of US$ 10.0 billion decreasing by 8.8 % compared to the end of 2018. Foreign exchange accounts of non-bank foreign organizations have reached $19.7 billion with a 3.4-percent increase, and deposit accounts of foreign banks have reached $12.8 billion with an 1.6-percent decrease. In addition, TL deposits of foreign organizations have reached the level of $13.3 billion with a 5.3-percent decrease compared to the previous year-end. Import debts of other industries reached $42.4 billion with a 6.4-percent increase compared to the year-end 2018. Taking a look at the debt stock in terms of creditors, short term debts to monetary institutions listed under special creditors realized at a level of US$ 44.4 billion decreasing by 8.3 % compared to the end of the year and debts to non-monetary institutions at a level of US$ 75.0 billion increasing by 11.0 %. Issuance of short term bonds which was recorded as US$ 35 million at the end of 2019 realized as US$ 77 million as of the end of May decreasing by 64.6 %. Short term debts to official creditors in the same period realized as US$ 977 million.
Annual Report
