Despite increased trade deficit
Tunisia can repay 53% of its debts
Tunisia can repay 53% of its external debt, equivalent to 3800 million dinars
Tunis – Hayat Al Ghanmy
Economic expert, Murad Al Hattab said that, Tunisia can repay 53% of its external debt, equivalent to 3800 million dinars if the government stopped importing from Turkey.
He told “Arab Today” that, Tunisia exports from Turkey reached 1838 million dinars in 2016, 70% of them are unnecessary products, and the annual debt service accounts for 10 percent of total imports.
He mentioned that, since 2011, Tunisia has been experiencing a continuous worsening of the trade deficit to reach KD 3878.9 million in March 2017 compared to JD 2466 million during the same period of the previous year, and the trade deficit with Turkey increased making Tunisia comes second after China. He added that, these amounts of money reflects an anarchic manifestation of the Tunisian economy, since the volume of imports approximately equals the smuggled sold goods in the Tunisian markets, and this phenomena is far more dangerous to the economy than smuggling itself.
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