Turkish government gross debt stock up in July
ANKARA – Anadolu Agency
Last month, the gross debt stock -- the outstanding debt of public sector institutions, the Central Bank, private companies and households -- rose 23.5 percent year-on-year, compared to 817.3 billion Turkish liras (around $232.8 billion) of debt stock in July 2017.
"Local Governments with the stock of 11.6 billion liras ($2.36 billion) hold the largest share of Treasury receivables," it said.
The total amount of receivables collected by the Treasury stood at 1.1 billion liras ($224 million) by the end of July.
One U.S. dollar was traded for 4.91 Turkish liras as of end of the last month, while the average U.S. dollar/Turkish lira exchange rate was 3.51 as of end of July 2017, according to the Turkish Central Bank.
As of Dec. 31, 2017, the Turkish government’s gross debt stock amounted to nearly 876.5 billion Turkish liras ($227.6 billion), while the figure was around 760 billion Turkish liras ($217.1 billion) at the end of the previous year.