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Tunisia's government is seeking assistance from the central bank to repay external debt for the second consecutive year, as the economy struggles following a stalled International Monetary Fund bailout. Finance Minister Sihem Boughdiri announced plans to borrow up to 7 billion dinars ($2.2 billion) in 2025, proposing an amendment to the upcoming budget to facilitate this move.
Société Tunisienne des Industries de Pneumatiques (STIP) reported a significant decline in consolidated net income, falling to -1.57 million dinars for 2023, down from 11.92 million dinars the previous year. Sales also decreased by 8.7%, with operating income dropping to 139.15 million dinars, while financial expenses rose by over 20%. The Board of Directors has called for an Annual General Meeting on November 15, 2024, amid ongoing audits and previous customs adjustments.
In 2023, Tunisia's leasing sector reported a 24.1% increase in net leasing income, reaching 103 million dinars, despite facing challenges from rising interest rates and economic fluctuations. Total leasing loans rose by 6.2% to 4,282 million dinars, with companies now aiming to expand their customer base to include individual consumers, particularly in the evolving automobile market.
Tunisia's 2025 budget reveals a projected deficit of 9.8 billion dinars, with revenues estimated at 50.028 billion dinars against expenditures of 59.828 billion dinars. Key revenue sources include tax revenues of 45.249 billion dinars, while state expenditure focuses on strategic economic and social development sectors. The budget also allows for Treasury loans of up to 330 million dinars and guarantees totaling 8 billion dinars to support public establishments.
Tunisian Dinar
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