According to the provisional results of the state budget execution at the end of December 2024, public debt has reached 135 billion dinars.
Compared to the end of 2023, public debt increased by 8.3 billion dinars, equivalent to a rise of 6.6%, representing a slower growth rate than nominal GDP.
As a result, the public debt-to-GDP ratio decreased from 84.6% in 2023 to 81.2% at the end of December 2024.
It is worth noting that the 2024 Finance Law projected public debt to reach 139.9 billion dinars by the end of the year.
Between 2023 and 2024, domestic public debt increased by 12.9 billion dinars (+21.5%), reaching 72.7 billion dinars, while external public debt decreased by 4.5 billion dinars (-6.8%) to 62.3 billion dinars.
The share of domestic public debt in total public debt rose from 47.2% at the end of 2023 to 53.8% as of December 31, 2024.
Conversely, the share of external public debt decreased from 52.8% to 46.2%. It is noteworthy that 55.8% of external public debt is denominated in euros and 31.2% in dollars.
Public debt owed to the international financial market represents 12.75%, compared to 21.95% in bilateral debt and 65.3% in multilateral debt.
The decline in the proportion of external public debt is attributed to raising external funds below the budgeted amounts.
As of December 31, 2024, the state mobilized external borrowings of 3.5 billion dinars, compared to the 16.4 billion dinars planned in the 2024 Finance Law.
