The provisional results of the implementation of the State budget up to the end of September show a sharp increase in the State’s financing needs during the first nine months of the year.
The State’s borrowing requirement reached 17,460 million dinars at the end of September, compared with 10,464 million dinars a year earlier, an increase of 66.8%.
Consequently, the State covered this need by borrowing:
– 15,514 million dinars on the domestic market (compared with 6,214 million dinars in 2023), of which 5,605 million dinars in 52-week BTC, 3,754 million dinars in national loans and 778.3 million dinars in BTA.
– 1,945 million dinars in external borrowing (compared to 4,250 million dinars in 2023), including mainly external borrowing allocated to state projects for 1,330 million dinars, external loans retroceded to public enterprises for 485.3 million dinars, of which 373 million dinars went to the Grain Board.
Budget support loans totaled 129.7 million dinars, from the IBRD (70.7 million dinars) and the AMF (59 million dinars).
As a result, in the first nine months of the current year, the local market provided almost 88.8% of the government’s borrowing, while the foreign market provided only 11.2%, compared with 41.7% and 58.3% respectively initially provided for in the Finance Law 2024.
It should be noted that the 2024 Finance Law predates the Law of February 7, 2024 and the Law of December 2024 authorizing the Central Bank to grant overdraft facilities to the General Treasury of Tunisia.
