ANKARA
Turkey’s Treasury plans to pay back 44.8 billion lira ($19.2 billion) of domestic debt, including 11.1 billion lira ($4.8 billion) of foreign debt, between January and March of 2015, the Treasury said Wednesday.
According to figures released on the Treasury's official website, the domestic debt redemption projected for January 2014 till March 2015 is 33.7 billion lira ($14.5 billion), while domestic borrowing amount to 30.1 billion lira ($13 billion). The Treasury will not borrow money from foreign sources in this period.
The domestic debt redemption for the month of January will be 12.3 billion lira ($5.3 billion), while domestic borrowing is expected to be 10.8 billion lira ($4.6 billion).
In February 2015, domestic debt is projected at 16 billion lira ($6.9 billion), while domestic borrowing is projected to reach 14.4 billion lira ($6.2 billion).
In March 2015, domestic debt is anticipated at 5.4 billion lira ($2.3 billion) and domestic borrowing at 4.9 billion lira ($2.1 billion).
The Treasury also expects some income from privatization in this period.
The Treasury will hold 14 bond auctions between January 2015 and March 2015 to generate income and reduce debt.
www.aa.com.tr/en
