Turkey’s total debt exceeds TL 431 billion as of September

According to data compiled by the Treasury, domestic borrowing increased from TL 274.8 billion last year to TL 320.6 billion as of September, accounting for a 16.6 percent increase. External borrowing increased by 4.8 percent in the first nine months of this year over 2008, totaling TL 110.5 billion. This figure was TL 105.4 billion last year.

Of total domestic borrowing, TL 253.4 billion was borrowed from the market and the remaining TL 67.3 billion from the public sector. TL 49.6 billion of the total external debt was made up of loans, while the remaining TL 60.9 billion was in bonds. Of the loans TL 32.2 billion was obtained from international institutions, and TL 11.9 billion of this amount came from the International Monetary Fund (IMF). TL 8.4 billion of the external debt in loans was from governmental institutions and TL 9 billion from other sources.

While TL 301.6 billion of the total debt stock is in lira, TL 129.4 billion is in foreign currencies. Last year these figures were TL 251.8 billion and TL 128.4 billion, respectively.