Turkey’s central gov’t debt jumped 34 percent year-on-year in May: ministry

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An exchange office worker counts Turkish lira banknotes in Istanbul. AFP PHOTO / OZAN KOSE / AFP PHOTO / OZAN KOSE

Turkey’s central government debt totaled 1.63 trillion lira ($238 billion) at the end of May, up 34 percent year-on-year, the finance ministry said, the SeeNews website reported.

Some 808.2 billion lira of the debt stock is denominated in the local currency, while the remaining 825.2 billion lira is in foreign currency, the ministry said in a statement on Monday.

Turkey’s central government debt totaled 1.22 trillion lira as of the end of May 2019.

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