Turkiye's short-term foreign debt at $132B in March

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23.May .2022 13:30

Turkiye's short-term foreign debt at $132B in March

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Turkiye's short-term foreign debt stock amounted to $132 billion as of the end of March, according to official data released on Monday.

The external debt due to be paid over the next 12 months jumped 9.9% from the end-2021, a Turkish Central Bank statement said, AA reports.

In this period, lenders' short-term external debt stock increased 6.9% to $55.1 billion, while other sectors' short-term external debt stock went up 10.8% to $47.3 billion.

The trade credits due to imports under other sectors totaled at $41.5 billion, rising 10.8% during the same period.

"The short-term debt of public sector, which consists of public banks, increased by 14.6% to $25.5 billion and the short-term debt of private sector increased by 6.8% to $77 billion compared to the end of 2021," it noted.

As of the end of January, some 44.3% of the debt stock was in US dollars, 25.9% in euros, 9.7% in Turkish liras, and the remaining 20.1% in other currencies.