Statement on domestic borrowing from Minister Nabati

Treasury and Finance Minister Nureddin Nebati stated that while the maturity of domestic borrowing was approximately 34 months in 2020, they increased the maturity to 53 months in 2021 with the long-term borrowing strategy implemented, and to 70 months with the prestige of the end of 2022.

Nebati shared about debt management policies from his social media account.

Pointing out that as a result of an effective debt management approach, they have achieved very valuable achievements simultaneously in terms of the maturity, cost and composition of domestic borrowing, Nebati said, “While the maturity of our domestic borrowing was about 34 months in 2020, the maturity of our domestic borrowing was 53 months in 2021 and 2022 years, with our long-term borrowing strategy. In July 2022, we reached 98 months, the longest monthly average borrowing maturity in the history of the Treasury.” made its assessment.

The cost of domestic borrowing has declined

Pointing out that the average cost of fixed-income domestic borrowing, which was at the level of 24.6 percent at the beginning of 2022, decreased to 10.7 percent with the prestige of the end of December 2022, “The share of our Turkish lira fixed-income bonds in our total domestic borrowing will increase by 20 percent in 2021. It significantly strengthened the composition of our debt stock, reaching 60 percent at the end of 2022, from 35. used the term.