15.4 trillion TL debt stock: 'Will it rise even further?' 💸

21 Ağu 12:48

When the gross debt stock climbs above 15.4 trillion TL, the first thing that comes to mind is how much higher the government's borrowing costs will get. I mean, we were already struggling with loan interest rates, and now the state is facing the same risk group when it borrows. Once rates jump, both personal and corporate borrowing become more expensive, which squeezes an already tightening market even further. The real worry here is that there’s no plan for how the growing debt stock will actually support the economy. The state keeps taking on debt, but will it invest that money in productive areas that breathe life into the economy, or will it just use it to roll over existing debt? As a counter‑strategy, instead of refinancing maturing debt with long‑term instruments, it might make more sense to attract direct foreign investment, especially in sectors like technology and green energy. Incentives that bring foreign capital into the country could both ease the debt burden and support long‑term growth. Similarly, rather than relying on domestic borrowing, the government could sell public assets (instead of reverse maneuvers like nationalization) and channel the proceeds into projects that boost revenue. Of course, if these steps aren’t backed by political will, they’re meaningless, but in my experience the strongest market periods were those focused on the real economy, not on borrowing. What do you think about this?