NEWS Finance        20/11/2023

Turkey’s central administration gross debt stock is TL 6,276.8 billion in October 2023

According to figures prepared by the Ministry of Treasury and Finance, Turkey’s central administration gross debt was Turkish liras 6,276.8 billion (USD 222.1 billion) as of October 31st, 2023, 3.4% higher than the balance of the previous month of September in Turkish lira value.


This debt stock represents the outstanding debt of public sector institutions and the Central Bank. The US dollar/Turkish lira exchange rate was TL 28.26 at the end of October 2023 and TL 27.41 at the end of September 2023.


Of the total gross debt stock, TL 2,219.6 billion (USD 78.5 billion), or 35.4%, was denominated in Turkish liras while TL 4,057.2 billion (USD 143.6 billion), or 64.6%, was in foreign currency. 


Turkey’s net minimum wage has been raised 49% to TL 17,002 (USD 577) as of 01.01.2024       Migration communication helpline 157 available for foreigners in Turkey       Read our homepage articles on developments in the Turkish economy       Turkey’s official annual inflation rate increases marginally to 64.86% in January 2024       Turkey’s official unemployment rate is 8.8% in December 2023       Read our BUSINESS section for latest sectoral and corporate news       Turkey’s population is 85,372,377 as of 2023 yearend       No. of foreigners visiting Turkey in 2023 increases 10.4% to 49.2 million       Turkey’s private sector foreign debt is USD 164.4 billion as of yearend 2023       Turkey’s economy grew 5.5% in 2022       FDI to Turkey is USD 10.6 billion in 2023       Turkey’s current account deficit is USD 45.2 billion in 2023