Tunisia’s debt payments in 2019 to hit record level of over $3 billion

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The finance minister of Tunisia said the country’s debt repayments will rise to a record level of more than 9 billion dinars ($3.24 billion) in 2019. Since the removal of Zine al-Abidine Ben Ali, Tunisia’s economy has been in crisis.

The North African country’s unemployment rate and inflation has been rising. The debt service was about 7.9 billion dinars in 2017.

Tunisia’s finance minister, Ridha Chalgoum said “the debt service will exceed 9 billion dinar next year compared with about 5.1 in 2016”. A senior official told Reuters Tunisia needs about 7 billion dinars in external financing in 2019.

The Tunisian government will reduce its budget deficit to 3.9 percent in 2019 from the 4.9 percent it forecasts for 2018.

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