Australian government debt

Turkey's gross external debt stock reaches $412.4 billion

Turkey's gross external debt stock stood at $412.4 billion, nearly half its gross domestic product, at the end of March, the Treasury announced on June 30.

The country's net foreign debt reached $266.7 billion at the end of March, accounting for more than 31 percent of GDP, the Treasury stated.

"General government debt 72.2 pct of GDP"

"General government debt 72.2 pct of GDP"

BELGRADE -- The Fiscal Council said in the December 2014 report that last year, the general government debt went up EUR 2.5 billion to EUR 23.2 billion (72.2pct of GDP).

The Fiscal Council - an independent state organ that reports to parliament - stated that changes in foreign exchange rates had contributed to such an increase in debt.

Turkey’s current account deficit shrinks to 35-month low

Turkey’s current account deficit, the main sore spot of the emerging economy, stood at $2.02 billion in October this year, making for an annualized gap of $45.72 billion, the lowest since December 2010.

The Central Bank data comes at a time when the economy is apparently shifting from the fast lane to a more moderate growth pace.

Construction forges ahead in debt, industry left behind

Turkish private sector’s loans have been rising and the composition of these loans shows that most credit is used by the construction and real estate sector The Central Bank announced last week that, as of end of September, the Turkish private sector’s long-term loans have reached $164 billion. Indeed, this is not even the entire outstanding external debt, but only a part of it.