Short-term external debt stock increased by 15 percent

Short-term external debt statistics for September 2022 were announced by the Central Bank of the Republic of Turkey (CBRT). Accordingly, the short-term external debt stock increased by 14.7% in September compared to the end of 2021, amounting to 139.5 billion dollars. In this period, banks’ short-term external debt stock increased by 9.6 percent to $56.3 billion, while the short-term external debt stock of other sectors increased by 16.1 percent to $51.2 billion. Short-term loans used by banks from abroad decreased by 10.1% in September compared to the end of 2021, and decreased to 9.9 billion dollars. In this period, FX deposits of non-residents, excluding banks, increased by 14.8 percent to $17.6 billion, while deposits of non-resident banks increased by 14 percent to $17.8 billion. TL deposits of non-residents increased by 16.7 percent and reached 11 billion dollars. Import debts under other sectors increased by 18.4 percent in September compared to the end of 2021 and reached 46 billion dollars.

The short-term external debt of the private sector is 81.5 billion dollars

When analyzed on a debtor basis, the short-term debt of the public sector, which consists entirely of public banks, increased by 17.2 percent compared to the end of 2021, reaching $26 billion, while the short-term external debt of the private sector increased by 11.2 percent to $81.5 billion. In this period, short-term debts to monetary institutions under the heading of private creditors increased by 13.7 percent to $72.1 billion, while debts to non-monetary institutions increased by 16.1 percent to $67.0 billion. Short-term bond issuances, which were 460 million dollars at the end of last year, decreased to 292 million dollars as of the end of September. In the same period, short-term debts to official creditors were recorded as 94 million dollars. As of the end of September, 46.7 percent of the short-term external debt stock was in dollars, 25.2 percent in euros, 8.8 percent in TL and 19.3 percent in other currencies. As of the end of September, the short-term external debt stock according to the remaining maturity, which is calculated using the external debt data with a maturity of 1 year or less, regardless of its original maturity, stood at $185.3 billion. 15.5 billion dollars of the said stock consisted of debts to foreign branches and subsidiaries of banks and private sector located in Turkey. When evaluated on a debtor basis, it was seen that the public sector had a share of 20.1 percent, the Central Bank 17.3 percent and the private sector 62.6 percent of the total stock.