By Tuba Sahin</p> <p>ANKARA (AA) – Turkish central government’s gross debt stock totaled some 1.13 trillion Turkish liras (nearly $211 billion) at the end of February, the Treasury and Finance Ministry announced on Wednesday.</p> <p>Last month's figure was up 25.5 percent from the same period of last year.</p> <p>The gross debt stock includes the outstanding debt of public sector institutions, the Central Bank, private companies, and households.</p> <p>More than half of the debt stock is in local currency — some 598.1 billion Turkish liras ($112 billion) — while the rest is denominated in foreign currencies. </p> <p>The stock of Treasury receivables stood at 18.5 billion Turkish liras ($3.5 billion) as of Feb. 28.</p> <p>Local governments with a stock of 11.7 billion Turkish liras ($2.2 billion) held the largest share of Treasury receivables, it reported.</p> <p>The total amount of receivables collected by the Treasury stood at 58.4 million Turkish liras (around $11 million) by the end of February.</p> <p>As of end of 2018, Turkish government’s gross debt stock amounted to 1.07 trillion Turkish liras ($202.5 billion).
The U.S. dollar/Turkish lira rate was around 5.34 as of Feb. 28, up from around 5.27 at the end of last year.
