The year 2024 was exceptionally “poor” in terms of external financing for the administration, totaling only 3.47 billion dinars, compared to the budgeted amount of 16.445 billion dinars outlined in the 2024 Finance Law.
According to the provisional results of the state budget execution at the end of December 2024, the external credits granted to the state last year included:
– 2.129 billion dinars in the form of external loans allocated to state projects.
– 953.1 million dinars in the form of external loans reallocated to public enterprises.
– 387.5 million dinars in budgetary support (from the World Bank for 146.5 million dinars, the French Development Agency (AFD) for 14.1 million dinars, the Arab Monetary Fund for 59 million dinars, and Italy for 168 million dinars).
In fact, Tunisia mobilized external financing in 2024 amounting to only 21.1% of the external borrowing planned in the 2024 budget, marking a 40% decline compared to 2023 (5.825 billion dinars).
In contrast, domestic borrowing surged in 2024, reaching 23.203 billion dinars—double the amount budgeted in the Finance Law (11.743 billion dinars) and a 75% increase compared to 2023.
