Turkey's external debt falls by $9 bln

Business Materials 18 August 2012 15:02

Azerbaijan, Baku, Aug. 18 / Trend A.Taghiyeva /

In January-July 2012, Turkey paid the external debt in the amount of $9 billion, excluding debt of the private sector, the Central Bank of Turkey said on Saturday.

Of the total paid debt, some $6.6 billion was paid from the state treasury, $551 million - from the budgets of administration, and $298.9 million - from the Central Bank of Turkey.

During the reporting period, $1.6 billion was paid on loans of the International Monetary Fund.

In 2011, Turkey directed $12.8 billion to repay the external debt, not including the private sector. At the same time, $8.2 billion was allocated by the state treasury to pay debt.

Turkey's foreign debt (excluding the private sector) stood at $97.7 billion as of June 1.