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Thursday 16 July 2020
Home Uncategorized Tunisia: outstanding public debt amounts to 83.5 MD at end March

Tunisia: outstanding public debt amounts to 83.5 MD at end March

The outstanding public debt at the end of March 2020 amounted to 83.5 billion dinars, of which 71% are made up of external debt and 28% of domestic debt, according to the budget execution report recently published by the Ministry of Finance.

According to projections of the 2020 budget law, the outstanding debt will reach 94 billion dinars at the end of this fiscal year, which represents 75.1% of GDP, compared to 72.4% in 2019.

In addition, 48.4% of the external debt is contracted within the framework of multilateral cooperation, 35.8% with the financial market and 15.9% under bilateral cooperation.

The same document shows that 55.5% of Tunisia’s foreign debt is contracted in euros, 27.7% in dollars, 11% in yen and 5.8% in other currencies.

As for public debt servicing, it stood at 2.7 billion dinars at the end of the first quarter, including 1.6 billion dinars under domestic debt, with a 34% increase compared to the same period in 2019, and 1 billion dinars in external debt (-33% compared to 2019).

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