Sun. Sep 8th, 2024

Tunisian Finance Minister Sihem Boughdiri said that Tunisia was able to repay all its domestic and foreign debts for 2023 despite enormous pressures on its public finances.

Tunisia will repay $4 billion in foreign debt in 2024, up 40 percent from 2023, an official document showed, amid scarce external financing for the government as it struggles to fix its struggling public finances. Economists say the country has relied heavily on new domestic loans to repay its external debt, which has significantly reduced liquidity and helped reduce banks’ financing of the economy. They believe the situation will be very difficult this year amid high external debt and the difficulty of frequent recourse to domestic loans. The government expects the accumulated public debt in 2024 to reach about 140 billion dinars ($45.17 billion), or about 79.8 percent of GDP, up from 127 billion dinars.

 

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