The latest report of the Central Bank of Tunisia (BCT) highlights the enormous debt burden of Tunisian households.
Indeed, the total indebtedness of individuals to the banking sector totaled 20.414 billion dinars in 2016 against 18.556 billion the previous year, up 10% against 5.7% in 2015.
This acceleration has mainly affected housing development credits, whose rate of growth has risen by 8 percentage points and, to a lesser extent, housing loans which saw their rate of growth accelerate by 1.5 percentage points.
Furthermore, the BCT notes that the pace of development of housing loans is expected to increase in 2017, following the new measures taken within the framework of the 2017 budget law and relating to the creation of a financing line of 200 million dinars for the benefit of middle-income groups.
On the other hand, the pace of increase in the outstanding amount of unpaid debts or litigations declined by 4.6 percentage points.
This deceleration can be explained by the combined effect of the decline in the rate of increase in outstanding loans and the acceleration in the amount outstanding of unpaid debts.
At the end of December 2016, total unpaid and litigation of individuals reached 854 million dinars against 721 million in 2015, i.e. an increase of 18.4%.
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