Turkey's External Debt $402Bn İn Q4 2014

Turkey's gross external debt stock was at $402.4 billion in the fourth quarter of 2014, the Turkish Treasury said Tuesday.



Data showed Turkey's private sector debts constituted 70.1 percent ($282.2 billion) of the overall foreign debt stock, up from 68 percent from Q4 in 2013.



Financial institutions hold the largest share in the long-term private sector external debt with $84.9 billion.



The share of public sector debt is 29.2 percent with $117.7 billion.



The country's net external debt stock stood at $243.7 billion in December 2014.



The private sector's short-term foreign debt was at $114.7 billion while its long-term debt totalled $167.5 billion, the Treasury added.



The external debt stock of central government is $85.2 billion as of the fourth quarter of 2014.



The State Treasury said that it had guaranteed external loans of $11.2 billion for Turkish companies.(outstanding debt as Dec.2014). 



The State Treasury offers guarantees to Turkish companies for projects worth up to 3 billion Turkish Liras( $1.2 billion)in build-operate-transfer tenders, including public hospitals and universities, bridges and airports. 



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