Tunisia is aiming to achieve a growth rate of 3.7% during the five-year development plan (2016/2020), against an originally planned rate of 4%.
Minister of Development, Investment and International Co-operation, Mohamed Fadhel Adelkefi said in a statement to TAP “this rate has been revised after the update of the growth rate of the year 2016 which fell to less than 2.5%”.
“Achieving this rate requires accelerating the implementation of public projects, adopting the development plan, improving the business climate and attracting foreign investment,” he said.
He added: “a gradual return to the major engines of the Tunisian economy has been observed.” Tunisia is able to achieve this growth rate.
The government aims to develop private consumption at a rate of 3.9% of GDP and public consumption at 2.3%, investment at about 8.3% and savings at 17.9% and limit the rate of inflation to about 3%.
It also aims to improve individual incomes from 8 thousand dinars in 2015 to 12,232 thousand dinars in 2020 besides the creation of no less than 400 thousand new jobs and the reduction of unemployment rates to less than 12% in 2020.
The plan’s guidance document suggests another objective which is improving the attractiveness of the national economy with a view to strengthening the role of the private sector as a driver of development with the encouragement of domestic and international investment.
Tunisia’s five-year development plan is the result of consultations between the government and the various stakeholders at the national and regional levels.
It is based on five priority axes: good governance, administrative reform, fight against corruption, and the shift from a low-income economy to an economy targeting human development and social integration that embodies the ambitions in addition to the establishment of a green economy.