The Tunisian Ministry of Finance revealed that the volume of debts reached 102.1 billion dinars (35 billion dollars) until the end of last October, a record number, as debts reached about 81.47 percent of the gross domestic product, after it was up to 67.9 percent in 2019.
Tunisia's external debt amounted to 61.9 billion dinars, representing about 49.3 percent of the total debt, compared to 40.2 billion dinars internal debt, while debt service amounted to 11.3 billion dinars at the end of last October.
The Tunisian debt is expected to rise to more than 100 percent of GDP next year, as the draft finance law document revealed the intention of the Tunisian government headed by Najla Boden to borrow 23 billion dinars in 2022.
Tunisian President Kais Saied stressed that "Tunisia does not need a raw internal product, and all it needs is raw internal happiness," noting that "in view of the conditions that have accumulated over many years, there was no possibility to introduce the reforms that the Tunisian people want." Pointing out that "we are facing a heavy legacy that can only be overcome by bold decisions, and among the decisions that we will work to embody, is the equitable distribution of wealth, and an end to the networks of corruption that corrode public finances and hit growth and the economy."
Source (Al-Araby Al-Jadeed Newspaper, Edited)
