Remarkable Growth in Savings Over the First Eight Months of 2026
The significant increase in savings during the first eight months of 2026 is noteworthy. Bank deposits surged from 1,512 to 38,884 million TND (Tunisian Dinar). Similarly, postal savings rose by 579 million TND to reach 12,454 million TND, while term deposits and other financial products increased by 663 million TND to total 19,957 million TND.
This relative abundance of liquidity forms a fundamental and reassuring foundation. Holding over 71 billion TND in cumulative savings across these categories represents a reservoir of potential capital ready to finance economic recovery, innovation, and business development.
However, the mere existence of these savings does not guarantee their economic effectiveness. It is imperative that these funds be rigorously channeled toward productive investments. The primary risk lies in the sterilization of this liquidity, with funds being directed exclusively toward risk-free assets such as Treasury bills.
To transform this financial potential into a growth lever, banking and financial intermediation mechanisms must be optimized. It is essential to redirect these flows toward high-impact, structural projects, including the energy transition, information technology, high-value-added manufacturing, and support for small and medium-sized enterprises (SMEs). Achieving this requires strengthening the current regulatory framework to improve the business climate. This will enable the channeling of savings into the real economy and long-term investment.
Converting these dormant liquidities into a true engine for sustainable development is a necessary step if we aim to change course rapidly. Otherwise, these savings will continue to accumulate, serving rent-seeking interests rather than productive growth.
