The budget balance recorded a deficit of 10 billion dinars, by the end of December 2024, compared to 11.4 billion dinars during the same period in 2023, marking a reduction of 1.6%.
This stabilizes the deficit at nearly 6% of the GDP from the previous year, according to the provisional results of the budget execution published on Thursday by the Ministry of Finance.
This improvement is attributed to an 8.7% increase in budget revenues between 2023 and 2024, reaching 47 billion dinars. This growth is primarily driven by a 9.7% rise in tax revenues, which amounted to 41.8 billion dinars by the end of December 2024.
Budget expenditures also increased by 4.6%, reaching 56.4 billion dinars, due to higher financing costs (+7.8% to 6.3 billion dinars), management expenses (+13.1% to 8.2 billion dinars), and intervention expenditures (+4% to 19 billion dinars).
On the other hand, borrowing resources rose to 26.7 billion dinars by the end of December 2024, compared to 19 billion dinars during the same period in 2023. This increase is mainly due to a rise in domestic borrowing, which reached 23.2 billion dinars last year, according to the Ministry of Finance’s report.
By the end of December 2024, public debt servicing reached 24.8 billion dinars, marking a 19.5% increase compared to the previous year. Meanwhile, the total public debt (both internal and external) is estimated at 135 billion dinars in 2024, equivalent to 81.2% of the country’s GDP.
