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HomeNewsTunisia: public debt amounts to 88.5 billion dinars at end of July

Tunisia: public debt amounts to 88.5 billion dinars at end of July

The outstanding public debt reached 88.5 billion dinars at the end of last July, compared to 82.5 billion at the end of 2019, according to the provisional results of the execution of the State Budget at the end of July 2020.

This outstanding amount is divided between domestic debt at 32.1%, or 28.4 billion dinars, and external debt at 67.9%, or 60.1 billion dinars.

Compared to July 2019, borrowing resources intended to finance the budget have increased by nearly 10%, following the surge in resources from domestic borrowing of 67.8% resulting exclusively from recourse to borrowing from Tunisian banks.

On the other hand, resources from abroad fell by 17.6% year-on-year.

By currency, the structure of outstanding foreign debt is still dominated by the euro (56.5%), followed by the dollar (26.3%) and the Japanese yen (11%).

By Donors, 52.1% of Tunisia’s external debt comes from multilateral cooperation, 31.5% from the financial markets and 16.4% from bilateral cooperation.

According to the 2020 Finance Law, the public debt stock would reach 94 billion dinars this year (against 82.5 billion in 2019), including 70.5 billion in external debt (75%).

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