The World Bank provides a slight reduction in the Tunisian budget deficit to 5.8 % of GDP in 2025, compared to 6.2 % in 2024. This improvement would be due to the increase in tax revenue, in particular via corporate tax, lower subsidies and to a reduction in investment expenditure.
However, the bank alerts the persistent vulnerability of public finances, in the absence of sufficient external funding and economic reforms. The current deficit should worsen slightly, reaching 1.8 % of GDP, due to commercial uncertainty, partially offset by tourism and the drop in oil prices.
The country will have to mobilize significant external funding to cover a debt repayment calendar particularly loaded in 2025. Gross financing needs are estimated at 28 billion dinars, two thirds of which will be used for reimbursements, mainly external. The bank highlights the urgency of external sovereign support to avoid the use of monetary financing.
