State intends to mobilize Treasury bonds for 210 million dinars

By: Mohamed Ben Abderrazek

In an official press release issued on Monday, October 9, 2023, financial authorities announced the commencement of an auction for short-term Treasury Bonds on 10/12/2023, totaling 210 million dinars (MD). These bonds will be repayable over 12 weeks in zero coupon mode, signifying that they will be capitalized and paid in full upon maturity.

Additionally, the General Directorate of Debt Management and Financial Cooperation (DGGDCF) under the Ministry of Finance has informed that the payment for Assimilable Treasury Bills, maturing in October 2026 at a rate of 6.3%, will occur on October 16th.

It is noteworthy that net domestic financing saw a significant decrease in the first half of 2023, amounting to 2,546.5 MD, marking a 72% reduction compared to the previous year. This decline was a result of decreased subscriptions for periods less than one year and more than one year, totalling 262.3 MD and 515.3 MD respectively.

According to recent official data, the outstanding public debt reached 119.8 billion dinars by the end of June 2023, with domestic debts constituting 42.9% (51.4 billion dinars) of this amount.

During the period from June 2022 to June 2023, public debt service decreased by 6%, declining from 8 billion dinars to 7.5 billion dinars.

Furthermore, the budget allocated for debt principal repayment decreased by 12.2% during this period, reaching 5.1 billion dinars by the end of June 2023. In contrast, the fund allocated for debt interest payments increased by 10.5%, exceeding 2.4 billion dinars.