Tunisia's Public Debt Reaches 135,660 Million Dinars at the End of August 2025
According to the results of the state budget execution at the end of August 2025, published by the Ministry of Finance, Tunisia's public debt stood at 135,660 million dinars (MDT) at the end of August 2025. This amount represents a moderate increase compared to previous years, while remaining below the annual target set by the 2025 Finance Law, which aimed for 147,402 MDT by the end of the year.
Debt-to-GDP Ratio Remains High
The debt-to-GDP ratio, a key indicator of budget sustainability, remains high. The target set by the 2025 Finance Law provides for a ratio of 80.5% by the end of the year, compared to 84.9% in 2024, 84.6% in 2023, and 82.4% in 2022.
Debt Structure
The debt structure as of August 2025 shows a predominance of external debt, which accounts for 52.8% of the total debt, amounting to 62,539.4 MDT, compared to 47.2% for domestic debt, estimated at 65,102.9 MDT. External debt is mainly held by multilateral institutions (68.6%), followed by bilateral cooperation (23.1%) and the international financial market (8.3%). In terms of currencies, the euro dominates (62.5%), followed by the US dollar (24.2%), the Japanese yen (6.3%), and other currencies (7.0%).
