The Tunisian Treasury's financing needs are projected to reach 28.122 billion dinars in 2027, according to the draft finance bill for next year. This amount will be used to cover a budget deficit of 14.615 billion dinars and repay the principal of domestic and foreign debt. The government plans to rely mainly on domestic borrowing, with 19.845 billion dinars expected to be raised from the local market.
The 2027 budget project sets the state's revenues at 54.280 billion dinars, while expenditures are estimated at 68.895 billion dinars. This gap results in a budget deficit of 14.615 billion dinars. To meet its financing needs, the state plans to mobilize 19.845 billion dinars from the domestic market and 6.877 billion dinars in foreign loans. Additionally, 1.4 billion dinars in other treasury resources will be used.
The financing needs of 28.122 billion dinars not only cover the budget deficit but also include debt repayment. A total of 6.823 billion dinars will be allocated to repay domestic debt, while 6.484 billion dinars will go towards foreign debt repayment. Furthermore, 200 million dinars will be used to settle net treasury loans and advances.
On the revenue side, state revenues are estimated at 54.280 billion dinars. Tax revenues are expected to account for the bulk of this amount, with 49.6 billion dinars projected. Non-tax revenues are estimated at 4.330 billion dinars, while donations will amount to 350 million dinars.
Budget expenditures are set at 68.895 billion dinars in payment credits. However, engagement credits reach 73 billion dinars, reflecting the difference between authorized engagements and planned payments during the fiscal year. This distinction highlights the government's commitment to managing its finances effectively.
The draft budget also provides for the use of financing facilities from the Central Bank of Tunisia in favor of the Treasury, up to 9.8 billion dinars. This financing will be granted interest-free and will be repayable over 15 years, with a three-year grace period. This arrangement constitutes another important element of the financing mechanism planned for 2027.
The Tunisian government's budget plan for 2027 aims to balance revenue and expenditure while addressing the country's financing needs. The plan's success will depend on effective implementation and management of the state's finances. Key priorities include reducing the budget deficit and managing debt repayment obligations.
Key points
- The Tunisian Treasury's financing needs for 2027 are projected at 28.122 billion dinars.
- The government plans to rely mainly on domestic borrowing to meet its financing needs.
- Tax revenues are expected to account for the bulk of state revenues, with 49.6 billion dinars projected.
