Turkey financial debt reaches 7.4 trillion lira

An economic report released by the YENİ Parti TBMM Group highlights a significant rise in financial debt and legal enforcement proceedings in Turkey. Total financial debt, including individual loans, credit card balances, and debts to asset management companies, has reached 7.449 trillion lira.

Data indicates that between January 1 and September 11, new enforcement files increased by 2.5% compared to the previous year, totaling 7.132 million files. The total number of pending enforcement files has risen to 26.191 million. In the first eight months of the year, approximately 1.7 million citizens faced legal proceedings due to unpaid credit and credit card debts.

Additional findings in the report note that 1.223 million people applied to İŞKUR for unemployment benefits following job losses in the first eight months of the year. Furthermore, Turkey paid 14.7 billion dollars in foreign debt interest during the first seven months, with annual interest payments expected to exceed 25 billion dollars.