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Wednesday 22 September 2021
HomeNewsTunisia: Government seeks to mobilize 8,340 MTD of external funds.

Tunisia: Government seeks to mobilize 8,340 MTD of external funds.

The Tunisian Interim Government seeks to mobilize 8,340 million Tunisian dinars (MTD) of external funding for 2012, i.e. 42.8% of the financing needs of the national economy estimated at 19,483.6 MTD.

These funds have been set based on an increased volume of domestic investment, the level of the current account deficit, in addition to resources allocated to the repayment of the principal debt and increased foreign currency reserves.

The former Government of Mr. Beji Caid Essebsi was able to mobilize external financing of 5,712.8 MTD.

For the current year, the structure of external financing is based on the mobilization of external grants of 600 MTD, against 217.5 MTD last year, according to the budget document for year 2012.

The Government will further work to mobilize more foreign investment, which will reach 2,400 MTD in 2011 against 1,711.3 MTD, building on “the new image of the country gained from strengthening the attributes of governance, transparency and quality of business climate.”

The development scheme expects a decrease in the foreign debt ratio which will reach in 2012 around 39.7% of the national income, against 38.7% in 2011.

The debt service will stabilize around 8.7% of current revenues for 2012.

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