Home News Finance Tunisia Says It Has Paid Off All 2023 Domestic And Foreign Debts
FinanceNews

Tunisia Says It Has Paid Off All 2023 Domestic And Foreign Debts

811
Tunisia domestic external debt

Tunisia’s Finance Minister, Sihem Boughdiri, announced on Monday that the country has successfully settled all its domestic and external debts for the year 2023, thus dispelling doubts of a possible default.

Amid a challenging economic environment for the North African country struggling with a shortage of external funding while trying to fix its financial problems, Tunisia is set to allocate $4 billion in 2024 towards paying off its foreign debts, which is 40% more than it was in 2023.

Economists argue that Tunisia depends heavily on domestic loans to offset its external debts, leading to a substantial decrease in liquidity and a diminished role of banks in financing the economy. They predict that things would be very tough this year due to the increasing foreign debt and the recurrent reliance on internal loans.

Projections from the government indicate that the accumulated public debt is expected to reach approximately 140 billion dinars ($45.17 billion) in 2024, representing about 79.8% of the GDP, compared to the previous figure of 127 billion dinars.

Read more: Julius Malema to meet with Ghanaian Youth at ‘AriseGhana’ Event

About The Author

Related Articles

FinanceNewsWorld

Niger’s Prime Minister Attends WAEMU Ministerial Meeting in Dakar as Burkina Faso Takes Over Council Presidency

Niger’s Prime Minister and Minister of Economy and Finance, Ali Mahamane Lamine...

FinanceTravelWorld

AES and Togo Discuss Customs Reform and Regional Trade Integration

The member states of the Alliance of Sahel States (AES), Mali, Burkina...

Cooking Gas Kerosene Prices Increase
BusinessNews

Tinubu Regime Causes More Pain For Nigerians As Cooking Gas Prices Soar 40% In One Week

The price of refilling a 12.5kg cylinder of Liquefied Petroleum Gas (LPG),...

News

Niger Parliamentary Delegation Visits Bamako to Strengthen Ties Within the CSSS

A parliamentary delegation from Niger has arrived in Bamako, Mali, as part...