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Tunisia: outstanding public debt hit record 91.8 billion dinars at end November 2020

The outstanding public debt reached a record level of 91.8 billion dinars, at the end of November 2020, up 11.2% (or +9.2 billion) compared to its level at the end of 2019, the Central Bank of Tunisia announced on Wednesday, February 17.

This high level of indebtedness is due to the significant increase in outstanding domestic debt, which has exceeded 31 billion dinars, compared to 10 billion in 2010, the BCT pointed out.

It also said debt service payments have increased by 15.7%, at the end of November 2020, to about 10.6 billion dinars.

This development is marked by the increase in domestic debt repayments to 4.98 billion dinars, compared to 2.65 billion a year earlier.

On the other hand, repayments of external debt have decreased to 5.65 billion dinars from 6.55 billion at the end of November 2019.

With regard to the financing of the Treasury’s needs, borrowing resources reached a record level of 11 billion dinars at the end of November 2020, compared to 9.3 billion a year earlier.

The Treasury has intensified its recourse to the domestic market (6.3 billion dinars against 2.5 billion at the end of November 2019).

As for external financing, the volume of borrowings declined by -30% to 4.7 billion dinars at the end of November 2020.

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