Short-term foreign debt at USD 132bn in March

Turkey’s short-term foreign debt stock amounted to USD 132bn as of the end of March, according to the Central Bank.

The external debt due to be paid over the next 12 months jumped 9.9% from the end-2021, the bank said in a statement.

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

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

“The short-term debt of public sector, which consists of public banks, increased by 14.6% to USD 25.5bn and the short-term debt of private sector increased by 6.8% to USD 77.0bn compared to the end of 2021,” it noted.

As of the end of January, some 44.3% of the debt stock was in USD, 25.9% in EUR, 9.7% in TRY, and the remaining 20.1% in other currencies.

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