Tunisia Aims to Reduce Public Debt to 76.4% of GDP by 2027

  • Republic of Tunisia
  • 27 November 2024
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Tunisian Public debt will continue to decline to 76.4% of GDP in 2027, with the budget deficit also expected to fall to 3.6% by the same year, Finance Minister Sihem Boughdiri said.

Tunisia expects public debt to reach 82.23% of GDP by the end of 2024 and to fall to 80.46% in 2025.

Speaking before parliament, Boughdiri noted that the budget deficit will continue to decline to 3.6% in 2027 after falling to 5.5% in 2025 from 6.3% in 2024.

Tunisia has been facing a severe financial crisis as well as difficulties in finding financing since its negotiations with the International Monetary Fund for a loan stalled in 2022, leading to shortages of commodities such as sugar, coffee, rice, and tea.

Source (Al-Arabiya.net Website, Edited)

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