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Thursday 24 June 2021
HomeNewsTunisia: current account deficit at 2.4% of GDP, to peak at 12%...

Tunisia: current account deficit at 2.4% of GDP, to peak at 12% in late 2014

The current account deficit stood at 2.4% of the GDP during the first quarter of 2014.

At this rate, the deficit will peak at 12% of GDP at the end of the current year, said Government Spokesman Nidhal Ouerfelli.

The government plans to maintain this rate to 7% of GDP at the end of this year, added Ouerfelli after a Cabinet meeting held last Friday.

The meeting adopted a variety of measures to rein in the deficit of the trade balance and reach 72% of the rate of coverage of imports by exports at the end of 2014, against 60% currently.

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