Minister of Treasury and Finance Şimşek: Low Debt Increases the Resilience of Our Economy

Minister of Treasury and Finance Mehmet Şimşek, in his statement on his social media account, said, 'Low debt is an important element that increases the resilience of our economy. 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. The ratio of public debt to GDP is at a historical low level of 23.1 percent in the first quarter of 2026. 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 challenging global conditions," he said.

Şimşek's statement was evaluated as a positive signal regarding Türkiye's economic situation.