Debt Policy Announcement On February 26, 2026, the Treasury and Finance Ministry responded to circulating gaps in public information about its debt policy, emphasizing that decisions are based on medium‑ and long‑term strategic criteria.
Core Principles of the Debt Strategy The ministry clarified that debt is not considered in isolation through single issuances or sales methods; instead, the entire debt stock is evaluated holistically, taking into account maturity structure, interest composition, and risk profile.
Maturity Structure and Average Maturity Decline At the end of 2023, the average maturity of domestic debt stood at 65.1 months.
By January 2026, it had fallen to 33.8 months, a move aimed at limiting the long‑term cost impact by reducing the maturity of internal borrowing.
Composition and Risk Management The share of TLREF‑indexed securities has increased.
The debt composition will be balanced in line with strategic criteria that consider currency, interest, refinancing, and liquidity risks.
Strategic Criteria and Future Plans The ministry will continue to maintain a healthy budget financing, debt service profile, and yield curve by taking market conditions and investor demand into account as part of its strategy.
Treasury and Finance Ministry Announces Debt Policy
The Treasury and Finance Ministry clarified its debt policy, outlining strategic criteria, maturity structure, and risk management, and explained the recent decline in average maturity of domestic debt.
Sources
- Haber 7 · baglanti