2026 Budget Bill: Tunisia Aims to Mobilize 27 Billion Dinars in Domestic and Foreign Financing
The 2026 budget bill plans to mobilize 27 billion dinars in domestic and foreign financing to cover the state's budgetary needs, a amount similar to that of 2025.
Key Provisions
- The document submitted to Parliament reveals that Tunisia intends to issue sovereign sukuk for a maximum value of 7 billion dinars during the next year.
- Article 11 of the bill authorizes the Minister of Finance to grant state guarantees for loan agreements or the issuance of these sukuk, in accordance with current legislation.
- This initiative aims to diversify financing sources and mobilize new capital, particularly on Islamic finance markets, in order to alleviate pressure on traditional debt mechanisms.
Central Bank Support
- Article 12 of the same bill authorizes the Central Bank of Tunisia (BCT) to provide the General Treasury with financing facilities of up to 11 billion dinars.
- These facilities will be interest-free and repayable over 15 years, with a three-year grace period.
- An agreement between the Minister of Finance and the Governor of the BCT will specify the terms of drawing and repayment of these funds.
Objectives
- By combining Islamic finance and direct central bank support, the government seeks to ensure budget sustainability while limiting excessive reliance on foreign debt.
- These provisions reflect the authorities' willingness to preserve macroeconomic balances in a context of limited external resources and growing social needs.
