The Executive Board of Tunisia (BCT), which met last Friday, highlighted an improvement in the current account balance at the end of February compared with the same period last year.
The current account deficit fell to TND 163 million (or -0.1% of GDP) at the end of the first two months of 2024, compared with TND 797 million (or -0.5% of GDP), a year earlier.
This performance, explains the BCT, is mainly due to the reduction in the trade deficit (FOB-CAF), which stood at TND 1,784 million, compared with TND 2,359 million at end of February 2023.
Nevertheless, the Board expressed its concern about the widening of the energy deficit (TND 1,823 million at the end of February 2024, compared with TND 1,693 million a year earlier), mainly due to the deterioration of production capacity and the significant delay in the implementation of energy transition projects.
This situation is likely to affect the recovery of the external sector in a tense geopolitical context marked by the resumption of pressure on international energy prices,” the BCT said.
