Short-term external debt stock increased by 22.1% in December last year compared to the end of 2021, reaching $145.6 billion.
Short-term external debt statistics for the period of December 2022 were announced by the Central Bank of the Republic of Turkiye (CBRT).
Accordingly, the short-term external debt stock increased by 22.1% in December compared to the end of 2021, amounting to $145.6 billion. In this period, banks’ short-term external debt stock increased by 22.3% to $60.1 billion, while the short-term external debt stock of other sectors increased by 19.7% to $52.6 billion.
Short-term loans used by banks from abroad increased by 2.6% in December compared to the end of 2021, reaching $10.8 billion.
In the same period, FX deposits of non-residents, excluding banks, increased by 32.5% to $20.3 billion, while deposits of non-resident banks increased by 20.6% to $16.8 billion. TL deposits of non-residents increased by 30.1% and reached $12.3 billion.
Import debts under other sectors increased by 20.7% compared to the end of 2021 in December last year and rose to $46.9 billion.
The short-term external debt of the private sector is $83.9 billion
When analyzed on a debtor basis, the short-term debt of the public sector, which consists entirely of state banks, increased by 30% compared to the end of 2021, reaching $28.9 billion, while the short-term external debt of the private sector increased by 18.2% to $83.9 billion.
In this period, short-term debts to monetary institutions under the heading of private creditors increased by 20.9% to $73.9 billion, while debts to non-monetary institutions increased by 23% to $70.9 billion.
Short-term bond issuances, which were $433 million at the end of last year, increased to $676 million as of the end of December. In the same period, short-term debts to official creditors were recorded as $121 million.
As of the end of December, 45.2% of the short-term external debt stock was in dollars, 26% in euros, 9.7% in TL and 19.1% in other currencies.
Regardless of its original maturity, 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, was at the level of $190.2 billion. $15.5 billion of the said stock consisted of debts to foreign branches and subsidiaries of banks and private sector located in Turkiye.
When evaluated on a debtor basis, it was seen that the public sector had a share of 21.2%, the Central Bank had a share of 17.2% and the private sector had a share of 61.6% in the total stock.
Source: Trthaber / Prepared by Irem Yildiz