37.9 C
Tunisia
Friday 23 July 2021
HomeNewsTunisia: outstanding public debt posts sharp increase

Tunisia: outstanding public debt posts sharp increase

The outstanding public debt soared to 98 billion dinars by the end of April 2021, up by 4,825 million dinars (MD), compared to its level at the end of 2020, according to the note on “economic and monetary developments and medium-term prospects (July 2021),” released by the Central Bank of Tunisia Wednesday.

This sharp rise is due to the increase in the outstanding domestic debt, which neared 37 billion dinars, up 16.2% (+5,107 MD).

The Central Bank of Tunisia also indicated that debt service payments stood at 3,867 MD at the end of April 2021, down 4.6%.

In detail, domestic debt repayments reached 1,705 MD against 1,837 MD at the end of the first 4 months of 2020.

The repayments of the external debt totaled 2,162 MD at the end of April 2021 against 2,215 MD a year earlier.

As regards the financing of the Treasury’s needs, the recourse to borrowing resources, both domestic and external, intensified during the first 4 months of 2021.

Actually, total borrowing amount stood at 4,289 MD, up by 33.9%, compared to 2020.

The BCT reported a soaring increase of external resources, which went from 922 MD to 1,855 MD, during this period, while domestic resources remained close to the level recorded one year earlier.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

MOST POPULAR

HOT NEWS