34.9 C
Tunisia
Monday 21 June 2021
HomeNewsTunisia-2013 budget: 5.3% deficit and 4.5% growth

Tunisia-2013 budget: 5.3% deficit and 4.5% growth

The 2013 budget deficit will be 5.3% against 6.6% in 2012, Slim Besbes, Acting Minister of Finance announced at a press briefing held Tuesday at the Government Palace in Kasbah,

He said that the novelty of this budget will be the adoption of the Islamic “Sukuk” (bonds) whose contribution will be 1 billion dinars.

In order to limit the use of foreign debt, the budget plans to rely on own resources up to 75%.

The budget will allocate 62% of expenditure to the social sector and 63% of development expenditure will go to the economic sector.

The budget, which predicts a growth rate of 4.5%, is based on a scenario of oil barrel price at $ 110 and an exchange rate of 1 dollar at 1,580 dinars.

The focus will be in the year 2013 on the development of inland areas and the promotion of investment and job creation. The budget also plans to recruit 23,000 staff in the public service.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

MOST POPULAR

HOT NEWS