Türkiye - Outstanding Public Debt - Foreign





Türkiye: Outstanding Public Debt - Foreign

Mnemonic GDBTF.ITUR
Unit Mil. USD, NSA
Adjustments Not Seasonally Adjusted
Quarterly 0.89 %
Data 2023 Q3 482,639
2023 Q2 478,398

Series Information

Source TR Ministry of Treasury and Finance
Release External Debt
Frequency Quarterly
Start Date 12/31/1989
End Date 9/30/2023

Türkiye: Government

Reference Last Previous Units Frequency
Government Budget Balance Feb 2024 -241,075,201 -184,331,058 Ths. TRY, NSA Monthly
Government Expenditures Feb 2024 742,693,480 792,615,929 Ths. TRY, NSA Monthly
Government Revenues Feb 2024 501,618,279 608,284,871 Ths. TRY, NSA Monthly
Outstanding Public Debt 2023 Q3 482,639 478,398 Mil. USD, NSA Quarterly
Outstanding Public Debt - Foreign 2023 Q3 482,639 478,398 Mil. USD, NSA Quarterly

Release Information

For Turkiye, external debt, short- and long-term (i.e., original maturity less than/more than a year), total and for the public sector.

Gross external debt, at any given time, is the outstanding amount of those actual current, and not contingent, liabilities that require payment(s) of principal and/or interest by the debtor at some point(s) in the future and that are owed to non-residents by residents of an economy. The main criterion for a liability to be included in the gross external debt of the country is that it is issued by a resident and is owed to a non-resident, regardless of whether it is issued on domestic or international, money or capital markets.

Active:

  • Measurements:
    • Millions of U.S. dollars (Mil. USD)
    • Percent share (%)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequency: Quarterly
  • Start date: Uniformly 1989Q4

Predecessor:

  • Annual - 1965 to 2015

The source writes:

Short tem debt - Liabilities with an original maturity of one year or less.

Long term debt - Liabilities with an original maturity of  more than one year or with no stated maturity.

Gross external debt of Turkey, at a given time, consists of the outstanding amount of those actual current, and not contingent liabilities owed to nonresidents of the Central Bank (CBRT), public and private sector institutions and households of Turkey. The only exception for the nonresidency comes with the bonds.

The debt amount of the bonds monitored according to the primary market issue information. That is, the outstanding amount of a loan is not adjusted accourding to the secondary market change of hands between residents and nonresidents. Debt stock of the public institutions that are privatized are classified under "private sector" beginning from date of privatization. Data is provisional at the firts release.

The International Monetary Fund writes:

Gross external debt, at any given time, is the outstanding amount of those actual current, and not contingent, liabilities that require payment(s) of principal and/or interest by the debtor at some point(s) in the future and that are owed to non-residents by residents of an economy. The main criterion for a liability to be included in the gross external debt of the country is that it is issued by a resident and is owed to a non-resident, regardless of whether it is issued on domestic or international, money or capital markets. The same principle is applied for transactions - only those between residents and non-residents are recorded. In the debt tables the BNB records only the amount of tranches actually disbursed.

The series contain Total Outstanding Debt which is expressed in billions of US dollars. Data are published on quarterly basis and are not seasonally adjusted.

Gross external debt of Turkey, at a given time, consists of the outstanding amount of those actual current, and not contingent liabilities owed to nonresidents of the Central Bank (CBRT), public and private sector institutions and households of Turkey. The only exception for the nonresidency comes with the bonds.

The debt amount of the bonds monitored according to the primary market issue information. That is, the outstanding amount of a loan is not adjusted accourding to the secondary market change of hands between residents and nonresidents. Debt stock of the public institutions that are privatized are classified under "private sector" beginning from date of privatization. Data is provisional at the firts release.

Definitions

The source writes (Turkish Statistical Institute (Turkstat)):

Central Government: It comprises public administrations listed in charts (I), (II) and (III) of the Public Financial Management and Control Law No. 5018.

Central Government Domestic Debt Stock: It represents the sum of all financial liabilities assumed by the Undersecretariat of Treasury as of a certain date, within the scope of the Government Domestic Debt Securities issued by Undersecretariat of Treasury and all kinds of other financial obligations assumed within the country regardless of whether these are based on a note. 

Central Government External Debt Stock: It represents the sum of all kind of financial liabilities extended to the institutions within the scope of the central government by any foreign financing source as of a certain date. 

Central Government Debt Stock: It represents the sum of central government domestic and external debt stocks as of a certain date.

General Government Debt Stock Defined by the European Union: It is the stock data produced in accordance with the European System of Accounts (ESA) as of a certain date, which covers the total of liabilities arising from the debt obtained by the institutions of the “general government” (central government, local administrations and social security institutions) within the country and abroad.

Public Net Debt Stock: It is the stock data produced as of a certain date, which covers the net liabilities of the institutions forming the “public” (central government, local administrations, social security institutions and State Owned Enterprises) calculated by deducting the assets of these institutions from the total of liabilities arising from the debt they obtain within the country and abroad.

Net External Debt Stock of Turkey: It is the stock data derived by subtracting the foreign assets of the banking sector from Turkey's gross external debt stock except banking sector. Banking sector's net foreign assets comprises the total of "Monetary Survey" and the net foreign assets of the "Investment and Development Banks".

Gross External Debt Stock of Turkey: It is the stock data composing the liabilities of Central Bank of Turkey, all public sector institutions and companies and households of the private sector arising from credits they obtained from non-residents and from the bonds issued in international capital markets.

Treasury Cash Balance: It refers to the difference between tax and non-tax revenues collected under the General Budget and transferred to the accounts of the Treasury, and the expenditures transferred to these institutions by the Treasury under the general budget appropriations.

Treasury Claim: It represents the claims arising from Treasury guarantees given for financing facilities obtained from any foreign financing source or from disbursement of such facilities through on-lending or from the transactions which, although remaining outside of the said items, stem from relevant legislation and which arise in connection with all kinds of payments which the Treasury becomes obliged to assume and/or with the state domestic debt securities issued by the Treasury for lending.

Treasury Guarantees: It refers to the Treasury Reimbursement Guarantee, Treasury Investment Guarantee, Treasury Counter Guarantee and Treasury Country Guarantee or any one of these.

Non-Guaranteed External Debt: It refers to the financing facility provided by the institutions under the Law No. 4749 on their own behalf from any foreign financing source without Treasury guarantees.

General Budget: It refers to the budgets of public administrations listed charts (I) of the Public Financial Management and Control Law No. 5018.

Central Government Budget: It refers to the consolidated budget of public administrations listed in charts (I), (II) and (III) of the Public Financial Management and Control Law No. 5018.

Consolidated Government Sector: It comprises the Central Government, 3 Non-Budgetary Funds (Defense Industry Support Fund, Privatization Fund and Social Solidarity and Support Fund), Social Security Institution, Unemployment Insurance Fund and 15 State Economic Enterprises.

Timeliness

The gross external debt is generally released at the last day of the months, March, June, September and December every year.  If these dates coincide with weekends or national holidays, the data is disseminated on the previous work day.

Potentially.

  • May 2012 - Initial version.
  • 12 Jul 2023, Phillip Thorne - Properties.