Şimşek shared about Türkiye’s debt stock data on his NSosyal account. Pointing out that low debt is an important element that increases the resilience of the country’s economy, Şimşek said, “The ratio of the total debt of the public, financial sector, private sector and households to national income is 91 percent in our country, well below the developing countries average of 229 percent and the world average of 306 percent.” made his assessment.
Şimşek pointed out that the ratio of public debt to GDP was at a historical low level of 23.1 percent in the first quarter of this year and said:
“While the gross external debt stock reached 539 billion dollars as of the second quarter, we expect its ratio to national income to remain flat at 31.8 percent. Our low debt provides significant flexibility to our economy in the fight against difficult global conditions.”
