Printer Friendly

Tunisia: debt ratio rises to 66.9% of GDP.

Summary: Tunisia's debt ratio reached 66.9% of GDP at the end of June 2017, compared to 60.3% of GDP in June 2016. This is reflected in the "public debt brochure" published

Tunisia's debt ratio reached 66.9% of GDP at the end of June 2017, compared to 60.3% of GDP in June 2016.

This is reflected in the "public debt brochure" published on September 4, by the Department of Finance.

Outstanding public debt rose from 52.7 billion dinars to 62.791 billion dinars between 2016 and 2017. This represents almost double the state budget for the current year (32.27 billion dinars).

External debt represents more than two-thirds of the public debt (43.6 billion dinars), and is composed of multilateral debt (47%), bilateral debt (15%) and the International Financial Market (38 %).

Domestic debt (19.19 billion dinars) consists mainly of fungible Treasury bills (64%) and deposits in the TGT (28%).

According to the Ministry of Finance document, debt service amounted to 3.6 billion dinars at the end of the first half of 2017, against 2 billion dinars, at the end of June 2016.

Copyright - AFRICAN MANAGER - 2017 - All Rights Reserved Provided by SyndiGate Media Inc. ( Syndigate.info ).

COPYRIGHT 2017 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2017 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:African Manager
Date:Sep 8, 2017
Words:203
Previous Article:Tunisia is expecting a lot from Turkey. Eumer Faruk Doy-an pledges... and gives some masterful lessons!
Next Article:Tunisia-Tourism: 80% increase in Swiss demand for autumn.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters