Macro Indicators

10/16/2017

Short Term Foreign Debt Stock Reached USD 111.6 Billion As of End August

Short term debt of public sector, major part of which is public banks, increased 9.3% to reach USD 17.8 billion compared to end-2016, private sector short term foreign debts increased 14.8% to be USD 93.7 billion

T.C. Central Bank released short term foreign debt stock data as of end-August. Accordingly, as of end-August 2017, short term foreign debt stock increased 13.9% to reach USD 111.6 billion compared to end- 2016.

Banks originated short term foreign debt stock has been USD 62.1 billion

In the period under review, banks originated short term foreign debt stock increased 8.3% to be USD 62.1 billion, other sectors short term foreign debt stock increased 21.9% to be USD 49.4 billion. Short term credits used by banks from abroad increased 6.1% compared to end-2016, reached USD 15.6 billion. Import debts of other sectors increased 18.4% compared to end-2016, reached USD 38.8 billion.

In term of debtor, share of public sector in total short term foreign debt stock is seen to be 15%, of Central Bank 0.4%, of private sector 84.6%. Short term debts of public sector, mostly of public banks, increased 9.3% as of end-2016 to reach USD 17.8 billion, private sector short term foreign debt increased 14.8% to reach USD 93.7 billion.

As of end-August 2017, composition of short term foreign debt stock has been 52.2% USD, 29.8% Euro, 15% TL and 3% other foreign currencies.