The program said, “total amount of debt service is projected as 152.8 billion TL (US$107 billion), comprising the payments of 110.3 billion TL in principal and 42.6 billion TL in interest. Total domestic debt service is expected to realize as 135 billion TL, while total external debt service is expected to realize 17.8 billion TL.”

“The total domestic debt service consists of repayments to the market amounting 118.2 billion TL, repayments of non competitive sales to public institutions with the amount of 16.9 billion TL,” it said.

“The total amount of financing source other than borrowing is expected to be 21.1 billion TL, involving the cash primary surplus, privatization revenues, The Unemployment Insurance Fund and The Savings Deposit Insurance Fund transfers, receipts from on-lent and guaranteed debt and use of cash account. Regarding with these projections, the total domestic borrowing is planned as 119.1 billion TL and the total domestic debt roll-over ratio is expected to be 88 per cent in 2011,” it said.

The program said, “the domestic borrowing in 2011 will be conducted via zero coupon Treasury Bills, zero coupon Government Bonds, fixed rate coupon bonds, floating rate notes, inflation linked bonds and revenue indexed bonds.”