Tunisia-State intends to mobilize Treasury bonds for 900 million dinars

In an official press release from financial authorities issued on Thursday, September 21, 2023, the Treasury announced the initiation of an auction for short-term Treasury Bonds on 09/25/2023. This auction, totalling 900 million dinars (MD), offers bonds repayable over 6 months in a zero coupon mode, which means they are capitalized and paid in full upon maturity.

Furthermore, the General Directorate of Debt Management and Financial Cooperation (DGGDCF) under the Ministry of Finance provided information about the payment of Assimilable Treasury Bills, September 2032, bearing a rate of 8.8%, scheduled for September 28, 2023.

It’s worth noting that net domestic financing witnessed a significant decline in the first half of 2023, decreasing by 2,546.5 MD or -72% compared to the previous year. This reduction was primarily attributed to decreased subscriptions in both less than one year and more than one year, with respective figures of 262.3 MD and 515.3 MD.

As of the end of June 2023, the outstanding public debt reached 119.8 billion dinars. Domestic debts accounted for 42.9% of this total, amounting to 51.4 billion dinars, according to recently published official data.

Over the period from June 2022 to June 2023, public debt service experienced a 6% reduction, declining from 8 billion dinars to 7.5 billion dinars.

The budget allocated for the repayment of the principal of the debt decreased by 12.2% during this period, reaching 5.1 billion dinars by the end of June 2023. Conversely, the allocation for interest payments on the debt increased by 10.5%, surpassing 2.4 billion dinars.