FINANCE

CONSOLIDATED BUDGET: The consolidated budget equals the sum of the general budget and annexed budgets;however, since the annexed budgets cover the Treasury aid to annexed budgets from the general budget, the amount of Treasury aid is subtracted from the total.

OUTSTANDING EXTERNAL DEBT: Medium and long - term external debt is a debt that has a maturity of more than one year and that is owed to non - residents, repayable in foreign currency, goods, or services.

Short-Term external debt is a debt that has a maturity of one year or less.

CONSOLIDATED DOMESTIC DEBT: Due to fluctuations in the value of Turkish Lira, the difference resulting from the re-evaluation of the gold and foreign exchange in the assets and liabilities of the Central Bank and the rescheduled short term debts of some public enterprises underwritten by the Treasury, is called Consolidated Domestic Debt.