Tunisia Aims for 82% Public Debt to GDP Ratio by 2029

The Tunisian government has set a goal to reduce its public debt to 82% of its GDP by 2029. This goal was announced by Minister of Economy and Planning Samir Abdelhafidh before the Assembly of People's Representatives. The plan to manage and reduce public debt relies on better mobilization of state resources, controlling public spending, and reducing the primary deficit. This move aims to alleviate pressure on public finances in the medium term.

Economists, however, are skeptical about achieving this goal due to the assumptions underlying the finance law. The state budget is based on an oil barrel price of $80, while the international context remains difficult and unstable. According to Alaeddine Maarouf, a financial consultant, the government's ambitions may be hard to realize, especially regarding controlling the budget deficit and reducing debt, given the uncertainties in the global economy.

The Tunisian economy has shown some positive signs recently. The country's exports have increased by nearly 8% during the first ten months of 2026. This growth could potentially support the government's efforts to reduce its debt. However, the global economic situation and its impact on Tunisia's economy remain a significant concern.

To support economic growth and development, Tunisia has been working to strengthen its partnerships with other countries. A recent example is the partnership between the Tunisian-African Business Council and the Qatari Business Forum. This strategic partnership aims to enhance investments between Qatar, Tunisia, and Africa.

Tunisia is also working to expand its presence in new markets. The country plans to launch a new air route in May 2027 to strengthen its presence in the Nordic market. This move is expected to boost tourism and contribute to the country's economic growth.

In addition to these efforts, Tunisia has been supporting its local businesses to expand into African markets. The El-Qawafel project has accompanied 177 Tunisian companies to help them conquer African markets. This initiative is part of Tunisia's strategy to promote economic growth and development.

The government's goal to reduce public debt to 82% of GDP by 2029 is ambitious, and its realization will depend on various factors, including the global economic situation and the country's ability to implement its plans. The coming years will be crucial in determining whether Tunisia can achieve this goal and improve its economic prospects.

Key points

• Economists consider Tunisia's goal to reduce public debt to 82% of GDP by 2029 ambitious given the current global economic uncertainty.
• The Tunisian government plans to achieve this goal through better resource mobilization, controlled public spending, and reduced primary deficit.
• The country's economic growth and development efforts are supported by initiatives such as partnerships with Qatar and expansion into African and Nordic markets.