Tunisian Parliament Approves $7 Billion Financing Facility for Treasury
The Tunisian Parliament (ARP) approved an article on Monday, December 2, 2024, authorizing the Central Bank of Tunisia (BCT) to provide the public treasury with a financing facility of 7 billion dinars for 2025.
This measure is part of the 2025 Finance Law (PLF) and was adopted with 86 votes in favor, 15 against, and 18 abstentions.
The article, presented by the Minister of Finance, Sihem Boughdiri Nemsia, provides for repayable facilities over 15 years, with a three-year grace period and no interest. An exceptional exemption to Article 25 of Law No. 2016-35, which sets the status of the BCT, allows for this financing. The terms of withdrawal and repayment will be defined by an agreement between the Minister of Finance and the Governor of the Central Bank.
The Minister highlighted that this intervention aims to address the pressing financial needs of the first quarter of 2025, a period marked by debt repayment obligations of 9 billion dinars. The slowdown in tax collections during this period, particularly the expected corporate tax declarations in March, exacerbates this pressure.
