Tunisia- 84% increase in state budget deficit

The state budget deficit worsened by 84% at the end of July 2020, so much so that the value of this deficit exceeded 5 billion dinars compared to the same period of 2019 (2.7 billion dinars ), according to the intermediate results of budget execution.

The same data show a drop in own resources and state grants of 11% to 16.4 billion dinars (in particular due to the fall in tax revenues), against a slight increase in expenditure and loans, a slight increase in increase of about 1.5%, reaching the level of 21.3 billion dinars.

It should be noted that borrowing resources increased by 31%, from 7.4 billion dinars in July 2019 to 9.8 billion dinars in July 2020.

The mass of public debt increased by 7.8% to reach nearly 88.5 billion dinars at the end of the first seven months of 2020 while 68% of this value is external debt.

It should be recalled that 52% of Tunisia’s external debt was acquired within the framework of multilateral cooperation agreements, 31.5% on the financial market and 16.4% within the framework of bilateral cooperation.