Tunisian Minister: Tunisia owes $3bn debt in 2019

Tunisian academicians hold placards during a protest against price hikes demanding their wage’s increase in front of parliamentary building in Tunis, Tunisia on 21 February, 2018 [Nacer Talel/Anadolu Agency]

Tunisia’s Minister of finance Ridha Chalghoum said that the debt service would exceed 9 billion Tunisian dinars next year compared with about 5.1 billion Tunisian dinars in 2016 – Twitter

Tunisia’s debt payments will increase to a record level of more than 9 billion Tunisian dinars ($3.24 billion) next year, said Tunisian Finance Minister Ridha Chalghoum.

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Tunisia has been suffering from an economic crisis since the 2011 revolution amid sharp increases in unemployment and inflation rates. Last year, debt service amounted to about 7.9 billion Tunisian dinars.

Minister Ridha Chalghoum said that the debt service would exceed 9 billion Tunisian dinars next year compared with about 5.1 billion Tunisian dinars in 2016.

An official has announced in previous statements that Tunisia will need foreign funding of about 7 billion Tunisian dinars in 2019, as the government aims to reduce the budget deficit to 3.9 per cent next year from 4.9 per cent in its 2018 estimations.

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