RESTRICTED FILE COPY Report No. AF- 39a This report was prepared for use within the Bank and its affiliated organizations. They do not accept responsibility for its accuracy or completeness. The report may not be published nor may it be quoted as representing their views. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION REVIEW OF 1965 - 1968 DEVELOPMENT PLAN TUNISIA VOLUME II Statistical Appendices to Main Report November 22, 1965 :rica Department Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized
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RESTRICTED
FILE COPY Report No. AF- 39a
This report was prepared for use within the Bank and its affiliated organizations.They do not accept responsibility for its accuracy or completeness. The report maynot be published nor may it be quoted as representing their views.
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
INTERNATIONAL DEVELOPMENT ASSOCIATION
REVIEW OF 1965 - 1968 DEVELOPMENT PLAN
TUNISIA
VOLUME II
Statistical Appendices
to Main Report
November 22, 1965
:rica Department
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CURRENCY EQUIVALENTS
Prior to September 1964 U.S. $ a . 420 Dinara
Since September 1965 U. S. $ a . 525 Dinars
LIST OF T'BLES
1. Estimated contractual service payments on external medium and
long-term debt.
2. External imiedium and long-term public debt outstanding
3. Gross domestic product at marlcet prices (1960 Dinars).
4. Gross domestic product at market prices (current Dinars).
5. Gross domestic product at factor cost (old series).
6. Gross domestic product at fact-or cost by sector (1960 Dinars).
7. Gross doLimestic product at factor cost by sector (current Dinars).
8. Gross value added by sector, 1960-1964, planned and actual.
9. Volume and value indexes and per cent distribution of gross
domestic product at factor cost.
10. Total production - annual raies of growth.
11. Gross value added by sector - annual rates of growth.
12. Population, labor force and employment.
13. Civilia.-, employment by sector.
14. Employment according to employment surveys.
15. Domestic fixed capital formation by branch: Pre-plan projecl:ion
1962 - 1964 (net) and actual 1962 - 1964 (gross).
16. Domestic capital formation by branch: Actual 1960 - 1964 (gross)and Plan - 1968 (net).
17. Gross domestic capital formation by agent.
18. Domestic capital formation by branch: Pre-plan projection
1962-1964 (net), Actual 1962-1964 (gross), and Four-year Plan
projection 1965-1968 (net).
19. Financing of investment and of operations with the rest of
the world (current Dinars).
20. Financing of investment (1960 Dinars).
21. Gross domestic savings.
22. Internal savings effort.
23. Central Government Savings.
- 2 -
24. Central Government capital budget; financing of operations.
25. Central Government operating expenditures.
20. Central Government Direct and indirect Taxes.
27. Central Government Revenues.
28. Central Governmenit - Fiscal Burden.
29. Four Year Plan - Direct and I direct Taxes.
30. Central Government-Service of public debt.
31. Public enterprises - Fixed investment and its financing.
32. Four Year Plan - Savings.
33. Four Year Plan - Gross Domestic Product and Factor Shares.
34. Four Year Plan - Household Savings.
35. Four Year Plan - Savings of corporate enterprises.
36. Four Year Pian - Savings of Administration.
37. Banking System claims, money supply and net foreign assets
position.
38. Monetary Survey.
39. Banking System-Claims on Non-Governmental Sector (including
public enterprises).
40. Banking System Short-term Credits - Sectoral Distribution.
41. Banking System Medium and Long-term credits - sectoral
Distriuution.
42. Banking System-Net foreign Exchange position.
43. Cost of Living In,dex.
44. Implicit price indexes for expenditure out of gross domestic
product at market prices.
45. Implicit price indexes for gross domestic product at factor
cost by sector.
46. Balance of Payments.
47. Balance of Payments (net).
48. Factor and Non-factor Services.
-3-
49. Exports.
50. Imports.
51. Export Prices.
52. Direction of Trade.
53. External Aid - Disbursements during the pre-plan period and
commitments for the Four-year plan..
54. Imports and exports of goods - Trade and Balance of payments
data.
55. Goods and non-factor services imports and gross domestic
product.
56. Four-year Plan - Total Foreign Financing Requirement.
57. Four-Year Plan - New Debt to be Contracted.
58. Four-Year Plan - Service of New Debt to be Contracted.
59. Capit:al Service Ratio.
60. Forei3n Financing Requirement and IrTport Companont of Four YDar P'an.
61. Tunisia - Estimwated contractual service payments on External
medium and long-term public debt - detailed schedules.
62. Projected net capital formation in pre-plan, 1962-1964,
rearrangsed to fit national accounts cacegories.
63. Estitnated breakdown of net inves-ments in Four-year Plan, with
key to national accounts classification.
64. Estimated Breakdown of net investments in Four-year Plan
according to national accounts classification.
65. Public Enterprises - Receipts and expenditures.
Table 1
Estimated contractual service payments on externrl medium- Pnd loni-termdebt outstpnding, including undisbursed, as of December 31, 1964
_/ Service on public debt as in Table 2; for detailed service schedule see table 61.
2/ Suppliers' credit not covered by the Bank survey because of incomplete reporting or because theloans in question are not guaranteed by the government; basic data according to the Central Bank of Tunisia.
Table 2
EXTERCAL MEDIUM AND LONG-TERM 1/PUBLIC DEBT OUTSTANDINGINCLUDING UNDISBURSED AS OF DECEMBER 31, 1964, WITH MAJOR REPORTED ADDITIONS
JANUARY 1 - JANUARY 31, 1965
Debt Repayable in Foreign Currency
(In thousands of U.S. dollar equivalents)
Debt outstanding Major reportedDecember 31. 196L additions
net of including January 1 -Item undisbursed undisbursed January 31, 1965
Sources: 1960 - 1964: Service do la Comptabilite Nationale, Secretariat d'Etat au Plan et a 1'EconomieNationale, data available as of August 1965.
1968: S6cretariat d'Etat au Plan et a 1'Economie Naticnale, Plan Quadriennal 1965 - 1968,chapter III, Equilibre economique general en 1968, pp. 10, 17, 19, 32, tableaud'echange,s interindustriels 1968.
Table Li
EXPENDITURE OUT OF GROSS DOMESTIC PRODUCT AT MARKET PRICES, 1960 - 1964
Sources: 1950, 1955, 1956: Perspectives dLcennales de d6veloppement, 1962 - 1971, p. 26, except for government employees.1957 - 1962: Annuaire Statistique de la Tunisie, 1961 et 1962, p. 229.1963: L'Economie de la Tunisie en ehiffres, 1963, p. 14.1964: Plan Priennal, 1962 - 194, pp. 20, 25, 27.1971: Perspectives dscennales de developpement, 1962 - 1971, pp. 55, 52, 63.
Note: The Servi-e de la Comptabilite Nationale de la Secr4tarie d'Etat au Plan et ia l'Economie Nationalehas prepared a new series of accounts starting in 1960 (Tables 3 and 4) which is not comparable tothis old series in 1957 prices.
Table 6
GROSS DOMESTIC PRODUCT AT FACITR COST BY SECTOR, 1960-1964-1968
(in '000 of 1960 dinars)
19-- 196dCode Branch 1960 1961 1962 1963 Preliminary Plan
Notes: I/ Rural households apparently excluded in Plan projection.
2/ Probably overlooked, but may be ins72, Services (other than government and domestics).
.. Not available.
Sources: 1960-1964: Service de la ComptabilitiA Nationale, Secretariat d t Etat au Plan a 1'Economie Nationale, estimates as of August 1965.1968: Four-Year Plan, chapter III, Annex
Table 7
GROSS DOMESTIC PRODUCT AT FACTOR COST BY SECTOR, 1960 - 1964
127.9 151.6 128.5 4.3 4.4 4.172 Services (other than government and domestics) 121.3 186.2 125.3 7.9 7.6 9.279 Wholesale and retail trade 110.9 157.6 122.0 16.4 14-5 16.281 Salaries of government employees 132.4 148.3 136.2 16.0 16.8 14.782 Salaries of domestic servants 109.5 109.5 0.7 o.6
Gross domestic product at factor cost 126.0 160.3 133.3 100.0 100.0 100.0Indirect taxes net of subsidies 122.7 181.4 130.6 xx xx xiGross domestic product at market prices 125.5 163.3 132.9 xx xi xi
Notes: 1/ Refinery introduced in 1964; 2/ 128.3 with allowance for rural households; 3/ 21.6, with allowance for rural households... Not available.
xx Not relevant.
Source: See Tables 6 and 7
Table 20
TOTAL PRODUCTION - AiNUAL RATES OF INCREASE (%)
GROSS DOMESTIC FRODUCT - MARKET PRICES
Constant Prices Current Prices(1960)
1960 - 1964 5.9 7.4
1961 - 1964 5.2 6.5
1962 - 1964 6.6 8.6
1963 - 1964 8,3 11.0
1964 - 1968 i/ 6.8
1960 - 1968 i/ 6.3
GROSS DOMESTIC FRODUCT - FACTOR COST
Constant Prices Current Prices(1960)
1960 - 1964 5.9 7,4
1961 - 1964 4.8 5.9
1962 - 1964 5.6 7.5
1963 - 1964 703 10.8
1964 - 1968 1/ 6.2
1960 - 1968 I/ 6.1
Notes: 1/ In accordance with Four-Year Planz the rates of GDP at market;prices- include an increase in indirect taxes faster Tnan the gr -wth of
productimn (see Table 6).
Szurce: Tables 3 and 6.
Table 11
AVERAGE ANNUAL PERCENT RATES OF GROWTH IN GROSS VALUE ADDED BY SECTOR
Average annual rate of growth (percent)1960 to J Preliminary 1964 to
Preliminary Plan I PlanCode Branch 1964 1968 1 1968
5t) Buildings, public works 16.0 9.5 3.360 Transportation, communications 11.6 7.4 3.471 Rents 6.4 5.3 4.372 Services (other than government and domestics) 4.9 8.1 11.379 Wholesale and retail trade 2.6 5.9 9.281 Salaries of government employees 7.3 2.8 2.982 Salaries of domestic servants 2.3
(Gross domestic product at factor cost 5.9 6.1 6.2Indirect taxes net of subsidies 5.2 7.7 10.3
GIross domestic product at market prices 5.9 6.3 6.8
Notes: 1/ If a rough allowance is made for rural households, the Plan growth rate for 1964-68would be nearly 3% and 3.5% for 1960 - 68.
/ High figure may be due to inconsistency between estimates for 1964 and for Plan 1968,
/ Without the projected steel mill, this line wouldread: 9.1 18.1 27.7
O. Not available.
xx Refinery introduced in 1964. No crude oil production in 1960-1964.
Source: Derived from Table 6
Table 12
POPULATION, LABOR FORCE AND EMPLOYMENT 1960, 1964, 1968
TOTAL 1,119 1,220 1,330 101 110 211 100.0 100.0 100.0
a/ Does not include part time jobs provided under the unemployment works program. These amounted to 190,000 in 1960, and 200,000 in 1964.Sour^es:
1960: Rapport sur les comptes economigues de la Nation pour l'annee 1960, tableaux annexes, pp. 42, 43.1964, 1968: Plan Quadriennial, chapter 1, "La demographie et ltemploi", sect. 2, p. 8.
Table 14
EMlPLOYMENT IN 1963 AND 1964 ACCORDING TO EMPLOYMENT SURVEYS
(in '000 of persons)
1963 19614
Covered in employment surveys 285 295Agriculture, fishing 2/ 29 27Mining 14 15Manufacturing 68 72Buildings and public works 14 17Electricity, gas, water 3 3Commerce, banking, insurance 99 101Transport and comnunications 22 22Services 35 38
Not covered in employment surveys 925Agriculture 6 0Public administration 80Domestic service 30Artisans 135Manufacturing (textiles) (.) (65)Building and public works ( ) (60)
TOTAL .. 220
/ Employment in cooperatives and in establishments connectedwith agriculture (eg. harvesting).
Source: Bulletin mensuel statistique, June 1965, p.1.
Table 15
DOMESTIC FIXED CAPITAL FORMATION BY BRANCH: PRE-PLAN PROJECTION 1962 - 1964 (NET) AND ACTUAL 1962 - 1964 (GROSS)(in millions of 1957 dinars, millions of current dinars, and percent)
Pre-Plan projection (net) J Actual (gross)Millions of 1957 dinars 1 Percent I Millions of culrrent dinars J PercentTotal I Total J Total I TotalCode Branch 1962 1963 1964 1962-1964 1 1962-1964 1 1962 1963 1964 1962-1964 1 1962-1964
SUBTOTAL: Net fixed capital formation 81.7 93.1 95.2 270.0 100.0 xx xx xx xx xxSUBTOTAL: Net fixed capital formation(rounded and lagged) 80.0 90.0 100.0 270.0 xx xx xx xx xx xx
Depreciation 15.0 20.0 25.0 60.0 xx xx xx xx xx xxTOTAL: Gross fixed capital formation 95.0 110.0 125.0 330.0 xx 76.1 88.6 103.2 267.9 100.0
Note: xx Not relevant.
For rearrangement of investment according to Pre-Plan to fit national accounts categories, see Table 62
Sources: Pre-Plan: Plan Triennal 1962-1964, pp. 2 2(corrected), 423, with items rearranged.
Actuals Service de la Comptabilite Nationale:1962,1963: Investissements en Tunisie, 1960 - 1963. Tableau 5.1964: Estimate as of August 1965. The total Of 103.2 is a revision of the 102.4 that appears in the Tables on expenditure out of gross domesticproduct. The analysis of the sector breakdown of investment uses the revised figure.
TabUle 16
DOMFSTIC CAPITAL FORMATION BY BRANCH OF INSTALLATION: ACTUAL 1960 - 1964 (GROSS) PLAN - 1968 (NET)
(in '000 or current dinars)
Gross fixed capital formation by branch J Net fixed capital formation by branch - PlanCode Branch 1960 1961 1962 1963 196h 1 4 years 1965-196d i/
Net fixed capital formation xx xx xx xx xx 455,000Depreciation xx xx xx xx xx
Gross domestic fixed capital formation 59,488 68,308 76,112 88,557 103,200
Notes: j In 1965 prices; according to later information supplied to the Mission, there have been some changes in the planned investmentin mining and manufacturin& and tourism services; see "Industry" section in "Investment Program".2/ Handicraf ts .
xx Not relevant... Not available.
For rearrangement of investment according to Four-Year Plan to fit the national accounts categories, see Table
Sources: Service de la Comptabilite Nationale:
1960-1963: Investissements en Tunisie 1960 - 1963, Tableau 5.1964: Estimate as of August 1965.
Secretariat d'Etat au Plan et aux Finances:
1965-1968t (4 year period): Note relative au Plan Quadriennal, pp.3-5, with petroleum products shifted from "energy" to "industry."Note: For rearrangement of investment according to the Four Year Plan to fit the national accounts categories, see Tables 63 and 64.
Sources: 1960-1964: Service de la Comptabilite Nationale.1968: Four-Year Plan, Vol. 1, chapter III, p. 430
Table 18
DOMESTIC CAPITAL FORMATION BY BRANCH: PRE-PLAN PROJECTION 1962-1964 (NET), ACTUAL 1962-1964 (GROSS), AND FOUP-YEAR PLAN PFOJECTION 1965-1968 (NET)(in millions of dinars and percent)
Pre-Plan projection (net)J Actual (gross) 1 4 Year Plan (net)1962 - 19 64 A 1962 - 1964 £ Projection 1965 - 1968Millions of J Millions of I Millions of Millions ofCode Branch - 1957 dinars Percent J current dinars Percent A 1960 dinars current dinars Percent00 Agriculture 114.7 42.5 56.6 21.1 125 1/ 150.5 / 33.110,21,31-37 Industry 49.1 18.2 61.5 23.0 96 112.0 24.622,?3 Electricity, water 12.1 4.5 8.2 3.1 24 29.0 6.450 Construction - - 4.8 1.8 - -60 Transport, telecommunications 23.5 8.7 23.7 8.8 45 55.0 12.171 Housing, urbanism 19.7 7.3 38.7 14.5 14 16.8 3.772 Other services 9.8 3.6 8.3 3.1 17 19.1 4.281 Administration 38.1 14.1 56.6 21.1 56 67.6 14.890 Handicrafts andc unspecified 3.0 1.1 9.5 3.5 3 5.0 1.1
SUBTOTAL: Net fixed capitalformation 270.0 100.0 xx xx 380 455.0 100.0Depreciation 60.0 xx xx xx .. .. xx
TOTALs Gross fixed capitalformation 330.0 xx 267.9 100.0 .. .. xx
Notes: / Including rural housing.
xx Not relevant.INot available.
For rearrangement of investment according to Four-Year Plan to fit the national accounts categories, see TableSources: Pre-Plan: Plan Triennal 1962-1964, pp. 22 (corrected), 423, with items rearranged.
Actual: Service de la Comptabilit4 Nationale:1962, 1963: Investissements en Tunisie, 1960-1963, Tableau 5.1964s: Estimate as of August 1965.
4-Year Plan: Elements of Plan Quadriennal, with items rearrangedtEstimates in 1960 dinarss derived from current dinar estimates using implicit price indexes derived from Four-Year Plan,Vol. 1, chapter III, pp. 35, 43 (in particular, an implicit price index for transport and collective equipment combined,i.e. infra-structure).Estimates in current (1964-1965) dinars: Note relative au Plan Quadriennal, pp. 3-5, with petroleum products shiftedfrom "energy" to "industry."
Table 15
Financing of Investment and of Operations with the Rest of the World
millions of dinars - current prices1960 1961 1962 1963 1964
(b) net absorption ofresources from restof world (goods andnon-factor services) 21.9 35.9 41.3 38.7 52.0
(e) total 48.5 76.4 69.7 83.1 102.4
Financing of operations withrest of world:
(a) net absorption ofresources from rest ofworld (goods and non-factor services) 21.9 35.9 41.3 38.7 52.0
(b) net payment of factorservices -1.7 +0.6 +3.1 +6.1 7.5
1. investment income -1.0 -1.0 -0.8 +0.7 +1.9
2. other services -0.7 +1.6 +3.9 +5.4 +5.6
(c) total 20.2 36.5 44,4 44.8 59.5
Supplied by (net):
(a) transfers 12.8 22.6 13.1 17.1 10.5
1. current -3.2 +3.6 +2.4 -0.6 +1.8
2. capital 16.0 +19.0 10.7 17.7 8.7
(b) long term loans(more t,han a year) 6.1 5.6 14.8 22.3 39.0
1. public 0 +1.9 +10.2 +9.5 +29.8
2. private +6.1 +3.7 + 4.6 +12.8 +9.2
(c) short term loans, com-pensatory financing(IMF) and use ofreserves +1.3 +8.3 +16.2 + 5.4 +10.0
(d) total +20.2 +36.5 +44.4 +44.8 +59.5
Sources: Inves;tment - Table 4'inancing of operations with rest of world -"Le Compte ixterieur1960-1963" - Secretaire d'Etat au Plan et a l'Economie Nationale
Table 20
Financing of Investment
Millions of 1960 Dinars
1960 1961 1962 1963 1964 1968 Plan
Gross domestic investment
(a) gross fixed capital 59.5 66.6 76.1 86.2 95.0 110.0formation
(b) changes in irn- 8.3 -6.3 -4.9 - _ventories -11.1
service of public debt(III-n-II) 13.6 8.2 6.6 12.3 16.i 32.6
Service of public debt (IV) (e) 5.1 6.6 5.3 8.2 7.9 9.2 .Governmental Saving - includingservices of public debt
(V-III_IV) 8.5 1.6 1.3 4.1 8.2 23.4 ......->estiimate(a) does :-±ot include the Annex budgets covering the Postal and Telegraph System (P.T.T.) and the Radio ndTelevision of Tunisia ( R.T.T.), includes, however, the deficit of the R.T.T.
(b) current prices of early 1965; the item "operating expenditures - budget Title I was obtained directlyfrom the Four-Year Plan, as indicated in Table 25 ; the other items were adjusted on the basis ofinformation in the Plan - Vol. I - Chapter III, p.12
(c) isolated from the two items in "operating expenditures" on the basis of the proportion prevailingin 1964.
(d) See Table 25
(e) See Table 30
Source of basic information - Secretariat d'Etat au Plan et a l'Econamie Nationale.Plan estimates for 196. - Vol. Is Chapter III, pp.11, 12, 13 and Annex Tables.
Table 24
Central GovernmentCapital Budget;financing of operations
1968millions of dinars 1960 Prices
1960 1961 1962 1963 1964 Plan
Capital Budget
Capital Expenditures 27.4 24.8 27.8 35.8 35.0 39.0excluding "Fight againstunderdevelopment pro-gramt"(LCSD) 23.1 17.6 20.3 29.3 28.5Fight against under-development program"
(LCSD) 4.3 7.2 7.5 6.5 6.5Subsidies to enterprises-
(a) includes only changes in Postal Checking Account and medium term advances
(b) miscellaneous accounts of the Postal Checking System, Saving Funds,other government bodies, including public sector enterprises, andpaying and collector agents of the Gentral Government.
Source of basic information - Secretariat d'Etat au Plan et. a ltEconomieNationale. Four Year Plan, Vol Is Chap. III p.p. 15.
Sub-total 12.a plus 13 7 7.9 5 6.4 79 1114. blucatiorn IIi "7 *TM 1
Total 46.14 148.14 50.4 58.3 89.1
1kote - The diacrspencies betVuen ths totalo of tlis table ad for "operatingexpnditures"-Budget-Title 1 - in table do not pzvevt this table beingconsidered a satisfactory prssstation of their brsakdow. Due to changesin administrative orgnisation durlng the peotod, the Uidsrlizad sub-totalstry to group the agncies involved so as to obtain a reasonablj consiatentsereis over the period.
(0) Includes one-third of the expinditm. of the Secretwy of Todustry andComrce, extduuished in 1961; (b) includes the rsLaiming tW-thirds.
(c) Psa of total subsidies of 7 millo dinars, llocat" to the Budget-Title I,according to the proportion which prevailed in 19614.
Source of bi-aic infonuton - 3ecretariat d'Ftat au rlan et a 1'Zioonomic Niationale.Plan estimate - Four-Year Plan, Vol. I, Chapt. 114 &Ax V.
Table >6
Central Government
Direct and indirect TaxesMillion Dinars
Year Total Indirect Indirect Sub- Central GovernmentDirect & Taxes less Taxes of sidiesIndirect subsidies Local Total Indirect Indirect Total Direct DirectTaxes of (including authori- Indirect Taxes in Taxes in Direct Taxes in Taxes inCentral local au- ties Taxes Budget - Other Taxes Budget - OtherGovernment thorities) Title I Government Title I Government
(a) includes 4,1 million dinars of net income of government agricultural estates
Source - Four Year Plan - Vol. 1, Chap. III, Annexes III
Table 30
Central Government
Service of Public Debt
Millions dinars
1968*
1960 1961 1962 1963 196 Plan
Medium and long-term debt 5.1 6.6 5.3 4.0 5.8 9.2
External debt 1.6 3.0 a) 5.5
Interest 0.7 0.9 a) 1.6Amortization 0.9 2.1 a) 3.9
Internal debt 2.4 2.8 3.7
Interest 1.6 1.4 2.0Amortization o.8 1.4 1.7
Short-term foreign debt
Interest and amortization - - - 4.2 2.1
External ebt valued at new dinar parity; does not include service of debt to be contracted for the financingof Five-Year PlanSource: 1960 - i964: Secretaire d'Etat au Plan et a l'Economie Nationale
a) Four-Year Plan : Volume 1, Chapter III, Annex V.
Table 31
PUBLIC ENTERPRISES '
FIXED INVESTMENT AND ITS FINANCIIfG
(millions of dinars)
1960 1961 1962 1963 1964
Investment 5.2 15.3 19.6 30.4 Wh7
Financed by:Savings 3.7 5.5 6.0 11.5
Receipts minusexpenditures J 2.0 3.5 1.8 6.2
Amortization 1.7 2.0 h.2 5.3
Central Government Support 2.3 6.3 5.8 10.7
Investment subsidies 1.9 4 .L h.3 9.8
Direct participation o.L 1.9 1.5 0.9
Foreign investment - 1.7 1.b 5.8
Banking system I/ 1.0 2.0 5.1 1.8
Other financing mreans - 1.8 - 0.2 + 1.3 0.6
Total 5.2 15.3 19.6 30.4
For list of public enterprises included in 1963, see Table 65
2/ See Table 65 for discrimination according to enterprises.
Note: Estimate of savings for 1964:I. on the basis of proportion in relation to investment
prevailing in 1963: 12.0 million dinars;II. on the basis of same proportion prevailing in 1964:
15.0 million dinars.
Source: Secr6taire d'Etat au Plan et a l'Economie Nationale,Investissements en Tunisie, 1960-1963.
Table 32
Four Year Plan - Savings
millions of 1960 dinars
1960 * 1968
"Gross National Savings" 351 * 9511
Administrations 15,4 * 31,1
Enterprises (corporate) 9,6 36,4
non-financial 7,1 29,5
financial institutions 25* 6,9
Households : 10,1 27,6
Gross Domestic Savings 26,6 88,3
Source - Four Year Plan - Vol. I, Chapt. III, p.38
GDS - Table 20
Table 33
Four Year Flan - Gross Domestic Product and Factor shares millions of 1960 dinars
196 o i 9 6 8
Sector Sector
DiscriminationSnterprisee pnterprises
non-financial financial non-finalEial financialtotal enterprises enterprises total Adcinistrations Households totgl enterpriEl enterprises total A,inistrations Househelds
Note - the nev estimates of GDP for 1960 differ omsewhat from those used in the Four Year Plan
Source - Four Year Plan, Vol. I, Chaut. III, Annexes I1,III, pp. 17 and 19
Table 34
Four Year Plan - Household Savings
Millions of 1960 dinars
1960 1968
Gross income (I) 285$,2 408,9
Production 12,1 18,0
Wages and salaries 11h,5 197,5
Other benefits 24,3 26,0
Gross profit of individualenterprises 133,3 164,,9
Interest and dividends o,6 2,5
Other items o,4 -
Deductions (II) 17,8 31,9
Direct taxes 10,4 20,0
Social Security 7,4 11,9
Total disposable income (III=I-II) 267,4 377,0
Private consumption (IV) 257;3 349,4
Household savings (V-III-IV) 10,1 27,6
Source - Four Year Plan, Vol. I, Chapt. III, p.8, with
adjustments for items of gross income.
Table 35
Four Year Plan - Savings of corporate enterprises
millions of 1960 dinars
1960 1968
Non- Non-financial Financial financial Financialenterprises enterprises Total enterprises enterprises Total
Gross Profit 22,0 2,5 24,5 57,1 5,5 62,6
Income from non-financialenterprises 2.0 2.0
Total 22,0 2,5 24,5 57,1 7.5 64,6
Allocation:
Dividends and participations 1,5 1,5 8,6 8,6
To households 0,9 0,9 2,5 2,5
To financial enterprises 2,0 2,0
Other 0,6 o,6 4,1 4,1
Transfers 2,,1 _ 2,1 1,7 1,7
Direct taxes 11J5 ... 11J5 17,3 0.6 17,9
Central Government ... 8,6 ,.. ... 12J,3
Local Authorities 2. 29 5,3
Savings 7,1 2,5 9,6 29,5 6,9 36,4
Tot2l 22,o 2,5 24,5 57,1 7,5 64,6
* All firms which are not individual enterprises.Source - Four Year Plan - Vol. I, Chap. III, Annex III.
Table 36
Four Year Plan - Savings of Administrations1968
millions of 1960 dinars
Current CurrentReceipts Expenditures Savings
Central Government 132.0 99.6 32.4
Budget - Title I (a) 118.0 87.6 30.4
Other Government 14.0 12.0 2.0Accounts (b)
Local Authorities 7.5 10.0 - 2.5
Social Security System 11.2 10.0 1.2
Non Profit [Enstitutions (c) 2.0 2.0 -
Foreign and InternationalAdministrations 10.0 10.0 -
Total 162.7 131.6 31.1
(a) Annex budgets (Postal and Telegraph System and Radio andTelevision of Tunisia) not included.
(b) Special Funds, Loan Funds ("Fonds de concours") andEarmarked Receipts ("Recettes Affectees").
(c) "Administrations privees".
Source - Four Year Plan, Vol. I, Chap. III, p.12-14.
Table 37
BANKING SYSTEM
CLAIMS, MONEY SUPPLY AND NET FOREIGN ASSETSPOSITION CHANGES IN PERIOD
(millions of dinars)
1961 1962 1963 1964
Expansion of claims (I) 32,7 46,o 30,1
on government 25,5 24,8 4,8
on non-government sector 7,2 21,2 25,3
Offsetting items (II) 5,9 9,0 15,8
quasi-money 2,0 4,3 5,14
government lending funds 1,9 2,0 2,8
capital 2,1 1,3 3,0
other _0,1 1,4 4,6
iNet expansionary effect (I-II) 26,8 47,0 14,3effect on:
money supply 11,9 27,3 O0L
net foreign assets position 14,9 9,7 13,9
Source: Table 38
Table 38
MIONETARY SUR-VEY
OUTSTANDING BALANCES AT END OF YE-AR
(millions of dinars)
Assets 1960 1961 1962 1963 1964
Net foreign exchange position 30,9 16,0 6,3 - 7,6
Total claims 105,8 138,5 18h,5 214,6
Claims on Government (net) (a b) 26,0 51,5 76,3 81,1
Assets (a) 21,3 27,6 54,2 78,0 85,7
Central Bank 5,5 5,8 19,2 21,0 18,7
Banks 9,5 10,7 12,8 24,3 25,4
Postal Checking accounts 3,4 7,8 18,3 28,4 36,8
Central Bank and Bank ),6 4,5 9,5 17,9 25,5depositsOther 2,8 3,3 8,8 10,5 11,3
Savings Funds accounts 2,9 3,3 3,9 4,3 X,8
liabilities to Government (b) - 1,6 - 2,7 1,7 - 4, 6
Claims on non-government sector 67,2 79,8 87,0 108,2 133,5
Central Bank 10,4 17,0 11,2 8,8 19,1
Banks 56,8 62,8 75,8 99,L 114,1
Other items 1,9 1,4 2,5 1,9
Total 138,6 155,9 193,3 208,9
Rediscounted paper of Banks
Source: Banque Centrale de Tunisie
Table 38 (contd.)
MONETARY SURVEY
OUTSTANDING BALANCES AT END OF YEAR
(millions of dinars)
Liabilities 1960 1961 1962 1963 1964
Money 90,5 93,7 105,6 132,9 133,3
Currency 37,8 )d,5 37,5 44,2 4h,9
Deposits 52,7 52,2 68,1 88,7 88,h
Central Bank 0 0 0,5 0 0
Banks 49,9 48,9 58,8 78,2 77,2
Postal Checking accounts 2,8 3,3 8,8 10,5 11,2
Quasi-Money 10,0 12,0 16,3 21,7
Banks 6,7 8,1 12,0 16,9
Time deposits 2,8 3,8 L,4 8,1 11,6
Import deposits and other funds 2,9 3,7 3,9 5,3
Savings Funds 2,9 3,3 3,9 O,3 4,8
Government Lending Funds 1/ 12,6 11,7 13,6 15,6 18,4
Obligations 0,8 1,0 0,9 1,1
Capital 4,7 6,8 8,1 11,1
Central Bank 1,1 1,8 2,2 2,2
Banks 3,6 5,0 5,9 8,9
Other items 17,7 16,9 19,5 23,3
Total 138,6 155,9 193,3 208,9
Includes counterpart funds of foreign loan operations and fundsresulting from budgetary appropriations.
Source: Banque Centrale de Tunisie
Table 39
B3AJN'ING SYSTEMi
CIAIMS ON NON-GOVERNMENTAL SECTOR!' (INCLUDING PUBLIC ENTERPRIISES)-TOTSTA.DEING BALANCES AT END OF YEAR
(millions of dinars)
Medium and Long-term credits
LongShort-term credits Medium TermCentral with counter- other Central totalYear Banks Bank total part funds resources total Bank total Banks total credits
1/ There are discrepancies between the values in this table and those of "claims on non-governmental sector" ofthe monetary survey due to differences in coverage of the items involved; they are not large enough, however, sothat this table can be regarded as a distribution of those claims according to term.
Source: Banque Centrale de la Tunisie, Annual Reports
Table 40
BANKING SYSTEM
SHORT-TERM CREDITS - SECTCRAL DISTRIBUTION
OUTSTANDING AT END OF PERIOD(millions of dinars)
Sectors 1960 1961 1962 1963 1964
Agriculture 3,3 3,6 3,5 1,9 3,5
Energy - Transport 3,0 4,0 4,3 4, 8 5,2
Mdines 1,2 0,7 1,7 1,5 2,7
Metals 2,6 2,7 3,3 3,5 5,1
Construction and public works 2,2 4,2 5,0 6,5 8,8
Chemicals 1,0 1,1 1,5 2,2 1,5
Food - industry and commerce 20,0 25,0 19,4 27,4 22,6
Textiles 2,0 1,7 2,1 2,7 6,9
Leather 0,4 0,4 0,3 0,3 0,4
Other industry and commerce 3,7 4,0 4,4 6,9 9,7
Total allocated 1/ 39,5 47,5 45,6 57,7 66,4
Total non-allocated 16,0 16,8 21,8 21,7 31,1
Total 55,5 614,3 67,4 79,4 97,5
g/ The allocation is carried only for the "more important economicbranches"; data are considered by the Central Bank as "approximations".
Source: Banque Centrale de Tunisie, Annual Reports
Table 41
BANKING SYSTEM
MEDIUM AND LONG-TERM CREDITS - SECTORAL DISTRIBUTIONOUTSTANDING AT END OE PERIOD
(millions of dinars)
Sectors 1960 1961 1962 1963 1964
Agriculture 2,3 2,3 2,2 3,6 3,3
Mining 0 0 0,2 0,2 0,2
Building materials - extraction - 0 0,2 0,2 o,6
Construction and public works o,5 0,5 0,6 0,7 0,9
Transport 0,9 0,8 1,2 1,2 1,1
Real state and home loans 1,1 1,7 3,2 5,8 7,0
Food and soap industries 0,9 1,5 2,6 3,4 3,4
Food - commerce 0,6 0,7 o,6 0,7 o,6
sub-total 6,3 7,5 10,8 15,8 17,1
Sparto grass industry 0,7 O,7
Fuel 1,0 1,0
Textiles and apparels - commerce 1,3 1,5
Hotels, restaurants, thermal stations 1,1 4,4
Other 0,8 1,8
sub-total 1,7 2,7 4,7 5,1 9,5
Total allocated i/ 8,0 10,2 15,5 20,9 26,6
Total non-allocated 6,9 6,1 6,b 8,9 9,0
Total 14,9 16,3 21,9 28,0 35,6
The allocation does not include credits below Dinars 3,000, whichare considered to be mainly belonging to the class "real state andhome loans".
Source: Banque Centrale de Tunisie, Annual Reports
Table 42
BANKING SYSTEM
NET FOREIGN EXCHANGE POSITION
OUTSTAO'DING BALAiNCES AT END OF YEAR(millions of dinars)
Central Bank 1,2 1,5 2L,3 23,5 18,9payment agreements 1,6economic cooperation account 2,9Bank of France advances 5,1French Treasury 1,1Central Bank of Algeria 0,1Foreign Loans 9,0Foreign Loans - "crois6e" 7,6 2,4 1,9
IMF net position 1,3
Banks 0,9 1,6 0,8 3,9 3,1
Net foreign exchange position(I + II - III) 39,1* 30,9 16,1 6,3 - 7,6 - 6,1
* International Financial Statistics - Supplement 1965/66
Source: Banque Centrale de la Tunisie
Table 43
COST OF LIVING INDEX
Yeaadonhog Personal Transpor Entertain- GeneralYear and month Food Housigocar tzatinsp Clothing nnt and inecare tation miscell.
A. NEW INDEX (1962=100):Weight (per 1,000) 554 199 106 35 86 20 1,000
1/ Goods in 1960 include partially payments for sea freight; from 1961 onward these payments are all included under non-factorservices: see Table 48. Because of differences in timing and average, imports and exports of goods in the B.O.P. are notidentical with those recorded in the trade statistics.
2/ See Table 48/ Does not include interest payments for debt to be contracted during 1965-1968.T/ Does not include amortization of debt to be contracted during 1965-1968.5/ Does not check with the changes as reported by the banking system.
Sources: Banque Centrale de la Tunisie, "Balance de Paisments" and data supplied to the Mission;Secretariat d'Etat du Plan et de l'Economie Nationale "Le Compte Exterieur, 1960-1963".
Change in foreign assetsand short-termliabilities 0.8 8.2 9.3 9.9 8.0
Errors and omissions - 0.3 - 0.2 0.1
j See Table 48. See also footnote 1 of Table 466.2/ Does not include interest payments for debt to be contracted during 1964-68.;/ Does not include amortization of debt to be contracted during 1964-68.
Does not check with the changes as reported by the banking system.
1/ Change in the method of measurement. Figures from that year onward are not comparable with the corresponding entriesfor previous years.2/ Estimate)V This amount does not include interest payments on debts to be contracted during Four-Year Plan period.It includes 2.4 million dinars interest payments for debt (disbursed and undisbursed) contracted up to December, 1964.Source: See Table 46
Other products n.e.q. 4.4 3.7 3.4 3.9 Ii.6 7.4 7.4
Total exports of goods 50.3 46.3 48.7 52.9 57.3 80.9 72.5
All amounts were converted at the old parity ($ 1 = Dinars o.42) with theexception of 1964 figures, which are affected by the devaluation onSeptember 28, 1964.
All other products n.e.q. 22.3 22.2 24.1 23.8 28.6 24.3 L1.o
Total imports of goods 80.1 88.4 9C.9 93.7 110.8 98.5 10.2
All amounts were converted at the old parity ($1 = Dinars 0.42) with theexception of 1964 figures which are affected by the devaluation onSeptember 28, 1964.
Public capital inflowrequirement prior to newdebt (8=6-7) - 42.9 44.5 210.4 56 263
Service of new debt to becontracted (9)Hypothesis I - - 7.3 9.8 9 12Hypothesis II - - 3.0 4.5 4 6
Total Foreign FinancingRequirement - Public Capital(10=8+9)Hypothesis I - - 51.8 220.2 65 275Hypothesis II - - 47.5 214.9 60 269
x including publicity guaranteed private loans(1) Table 46 and text 108(2) Table 46(4) 1960-64 includes service on private capital; for projection see Table 1.(5) See text para 130(7) See text para 131(9) Table 58Note: Data for 1960-6b4 from Table 46, except private equity foreign-capital,
which is on estimate.
Table 57
FOUR-YEAR PLAN
NEW DEBT TO BE CONTRACTED
millions of dinarsold parity
Public capital inflow roquirnrment,prior to contracting ofnew debt - 1965-1968 (a) 210.1L
Public loans or exportercredits, agreed or promised (b) 102.0
Additional disbursements neededunder new commitments 1965-1968 (c) - (a-b) 108.1
Less:
Undisbursed debt for which debtservice has already been includedin linc 2 of Table 56 (d) 33.0
Additional aid for which servicewill be computed (e) = (b+c-d) 1771.4
(a) Table 56(b) Table 53,assumingthat part committed for
specific purposes will be used within projectsincluded in Four-Year Plan
(d) Table 2
Table 58
Estimated Debt Service 1965 - 1975(millions of dinars; old parity)
Service on debt Service on debt contracted during Estimated
Year existing Dec. 2 Total
1964 1/ 1965-1968 1969-1972 2 1973-1975 - Debt Service
The capital requirements were calculated on the basis of aresource gap of D 160 million and a deficit on factorservices (excl. income payments) of D 26 million for the fouryears. Private capital inflows (net of profit remittances)was taken at D 4o million. Additional aid for which service
was computed amounted to D 177 million (see Table 57).
The capital requirements were calculated on the basis of aresource gap of D 70 million and a deficit on factor services(excl. income payments) of D 40 million for the four years.Private capital inflow (net of profit remittances) was takenat D 30 million.
The capital requirements were calculated on the basis of aresource gap of D 10 million and a deficit on factor services(excluding income payments) of D 30 million for the threeyears. Private capital inflow (net of profit remittances)was taken at D 30 million.
Hypothesis I assumes 15% grant aid and 85% loans, repayableon 15 years with 1 year of grace and carrying an interest of5% p.a.
Hypothesis II assumes 15% grant aid and 85% loans, repayablein 25 years with 5 years of grace and carrying an interest
of 3% p.a.
Table 59
CAPITAL SERVICE RATIO AT THE END OF THE FOUR-YEAR PLAN
Service onCapital Capital
Years Exports (Payments) Service Ratiomillions of dinars %
(--1) (25 (2)/(l)
1960 82.8 2.0 2.4
1961 75.6 1.6 2.1
1962 71.4 2.0 2.8
1963 81.6 3.9 4.8
1964 83.4 8.4 10.0
1968 109.0 16.8 (a) 15.4
109.0 12.5 (b) 11.5
109.0 20.4 (c) 18.7
109.0 16.1 (d) 114.8
1975 161 37.6 (a) 23.4
161 19.7 (b) 12.2
2/ Exports of goods and non factor services. Exports for 1975 wierecomputed by assuming average annual growth of 6% in the period1968 - 1975.
Sources: (1) Table 46(2) 1960-1964: table 46
(a) Service on existing debt plus service on new debtto be contracted according to hypothesis I (Table 58)
(b) Service on existing debt plus service on newx debtto be contracted according to hypothesis II (Table 58)
(c) (a) plus D 3.6 million for the service of directforeign investment
(d) (b) plus D 3.6 million for the service of directforeign investment.
Table 60
FOREIGN FINANCING REQUIREMENT AND IMPORT COMPONENTOF FOUR YEAR PLAN
(millions of dinars, new parity)
Foreign ExchangeTotal Component
Investment Program
Agriculture 151 47
Power 29 17
Transportation 67 43
Industry 110 73
Education 36 7
Tourism 17 6
Other 45 9
Total 55 202
Depreciation 50 20
Total fixed investmentt
Plan 505 222
Adjusted 470 206
s See text; para. 126
Table 61
TUNISIA - ESTIMATED CONTRACTUAL SERVICE PAYMENTS ON EXTERNAL MEDIUM- ANDLONG-TERM PUBLIC DEBT OUTSTANDING INCLUDRIG UNDISBURSED AS OF DECEMBER 31, 1964
WITH MAJOR REPORTED ADDITIONS JANUARY 1 - JANUARY 31, 1965 /
Debt Repayable in Foreign Currency
(In thousands of U.S. dollar equivalents)PAGE 1
GRAND TOTAL
DEBT OUTST(BEGIN OF PERIOD) PAYMENTS DURING PERIOD
INCLUDING AMORTI-YEAR UNDISBURSED ZATION INTEREST TOTAL
TUNISIA - ESTIMATED CONTRACTUAL SERVICE PAYMENTS ON EXTERNAL MEDIUM- ANDLONG-TERM PUBLIC DEBT OUTSTANDING INCLUDING UNDISBURSED AS OF DECEMBER 31, 1964
WITH MAJOR REPORTED ADDITIONS JANUARY 1 - JANUARY 31, 1965 A (CONT.)
Debt Repayable in Foreign Currency
(In thousands of U.S. dollar equivalents)
PAGE 2
PRIV. -PLACED DEBTS - TOTAL
DEBT OIJTST(BEIGIN OF PERIOD) PAYM1ENTS DURING PERIOD
INCLIJDING AMORTI-YEAR UNDISPIURSED ZATION INTEREST TOTAL
TUNISIA - ESTIMATED CONTRACTUAL SERVICE PAYMENTS ON EXTERNAL MEDIUM- ANDLONG-TERM PUBLIC DEBT OUTSTANDING INCLUDING UNDISBURSED AS OF DECEMBER 31, 1964
WITH MAJOR REPORTED ADDITIONS JANUARY 1 - JANUARY 31, 1965 /a (CONT.)
Debt Repayable in Foreign Currency
(In thousands of U.S. dollar equivalents)
PAGE 3
PRIV-PLACED DEBT-OTHER
DEBT OUTST(BEGIN OF PERIOD) PAYMENTS DURING PERIOD
INCLUDING AMORTI-YEAR UNDISBUR.SED ZATION INTEREST TOTAL
TUIISIA - ESTIMATED CONTRACTUAL SERVICE PAYMENTS ON EXTERNAL MEDIUM- ANDLONG-TERM PUBLIC DEBT OUTSTANDING INCLUDDN} UNDISBURSED AS OF DECEMBER 31, 1964
WITH MAJOR REPORTED ADDITIONS JANUARY 1 - JANUARY 31, 1965 / (CONT.)
Debt Repayable in Foreign Currency
(In thousands of U.S. dollar equivalents)
PAGE 4IDA CREDIT
DEBT OUTST(BEGIN OF PERIOD) PAYMENTS DURING PERIOD
INCLUDING AMORTI-YEAR UNDISBURSED ZATION INTEREST TOTAL
TUNISIA - ESTIMATED CONTRACTUAL SERVICE PAYMENTS ON EXTERNAL MEDIUM- ANDLONG-TERM PUBLIC DEBT OUTSTANDING INCLUDING UNDISBURSED AS OF DECEMBER 31, 1964
WITH MAJOR REPORTED ADDITIONS JANUARY 1 - JANUARY 31, 1965 a (CONT.)
Debt Repayable in Foreign Currency
(In thousands of U.S. dollar equivalents)
PAGE _
LOANS FROM OTHER GOVTS.-TO
DEBT OUTST(BEGIN OF PERIOD) PAYMENTS DURING PERIOD
INCLUDING AMORTI-YEAR UNDISBURSED ZATION INTEREST TOTAL
TUNISIA - ESTIhIATED CONTRACTUAL SERVICE PAYMENTS ON EXTERNAL MEDIUM- ANDLONG-TERM PUBLIC DEBT OUTSTANDING INCLUDING UNDISBURSED AS OF DECFMBER 31, 1964
WITH MAJOR REPORTED ADDITIONS JANUARY 1 - JANUARY 31, 1965 A (CONT.)
PAGE 7
a Includes service on all debt listed in Table la preparedSeptember 10, 1965 except privately-placed debt totaling$8,1441,OOO for which the amortization terms are not available.
Statistics DivisionIBRD-Economics Department
September 10, 1965
Table 62-
PROJECTED NET CAPITAL FORNATION IN PRE-PLAN, 1962-1964,J REARRANGED TO FIT NATIONAL ACCOUNTS CATEGORIES(in tOQO of 1957 dinars)
Total1962 - 1964 1962 1963 1964
00 Agriculture 114i,79 30,268 38,470 45,941Agriculture pe se 78,208 21,937 25,230 31,041Agricultural water works 34,971 7,831 12,740 14,400Fisheries 1,500 500 500 500
TOTAL net investment 269,943 81,977 93,002 94,964Depreciation 60,057Total gross investment 330,000
Source: Plan Triennal 1962 - 196L42 pi, 22 (corrected),
Table 63
FSTIMATED BPEAKDOWN OF NET INVESTMENTS IN 4-YEAR PLAN, 1965 - 1968,IN CURRIENT AND CONSTANT 1960 PRICES WITH KEY TO NATIONAL ACCOUNTS CLASSIFICATION
4-Year Plan, 1965 - 1968 1 4-Year Plan, 1965 - 196IFour-Year Plan, Vol. 1, chapter III I (nNote relative au Plan quadr.')1 ~ Estimated in 1960In 1960 prices J In current prices prices (using impli-Plan quadriennal National accounts ('000 dinars) In current prices Implicit J ('000 dinars) cit price index)categories categories (p. 35 Annex 2) ('000 dinars, p. 43) price index I (note relative pp. 3-5) (million dinars)
22,23 Electricity, water 0@ ee 40 48.5 10.5 10.7Elec. energy & petrl. prod. 2/ 34Th 37 4005Urban waterworks .. 6 8.0
50 Building, public works k- -s60 Transport, telecommunications .. 55T 43 55e0 11.9 12.171 Housing and urbanism c. .. __ T7o 3.7 3.772 Other services t. 17 19.1 17TC _7
Public health as 5 7..2Tourism, thermalism 11.6 .. 12 12.9
Soci6t6 TunisienneAcconage et de Manutention 30h 242 62
Housing: 15Societe Nationale Immobiliere
de Tunisie .. ... 15
Banking and Insurance: 1.147Banque Nationale Agricole ... ... 134Ste. Tunisienne de Banques ... 785St6. Nationale d'Investissements 39 31 7Banque Centrale de Tunisie ... 158STAR (insurance) 2.350 2.287 63
Total ... 6.179
Source: Secr6taire d'Etat au Plan et a l'Economie Nationale,Investissements en Tunisie, 1960-1963.