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Tunisia: Public debt servicing hits record 8.5 billion dinars at end of July

Tunisia’s public debt servicing has reached a record of 8.5 billion dinars at the end of last July, according to the provisional results of the execution of the state budget during the first seven months of the current year.

Composed of 6 billion dinars in principal and 2.4 billion dinars in interest, the amount of public debt servicing has therefore more than quadrupled since the year 2010, since it stood at 2.1 billion dinars at the end of July 2010.

Compared to the end of July last year, the public debt servicing has increased by 15% mainly due to the surge in domestic debt servicing by 30%, while that of the external debt has increased by only 5.6%.

At this level, public debt servicing absorbed half of the state’s total tax revenue for the second consecutive year. The interest service on the debt alone absorbed more than 14% of tax revenues.

Tunisia’s outstanding public debt reached 99 billion dinars at the end of last July, against 89.1 billion at the same date last year.

The Finance Act 2021 provides for an outstanding public debt amount of 109.2 billion dinars, or 90.1% of GDP. As for public debt service, it is expected to reach 15.5 billion dinars at the end of this year.

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