The deficit in the balance of payments of Tunisia, which currently stands at 4%, could reach up to 10% in the future, if strong policies were not implemented, warned Mustapha Kamel Nabli, Governor Central Bank of Tunisia, at the opening Saturday of the conference on the launch of consultations on the 2013 budget.
He noted that inflationary pressures continue not only because of food prices, but also the needs of liquidity among banks, noting in this connection that the refinancing by the Central Bank reached 5,000 million dinars, or the equivalent of 95% of credit institutions’ equity.
Speaking of the next stage, Mustapha Kamel Nabli, pointed to “significant challenges,” including the crisis in Europe which represents, he said, a great handicap for the Tunisian economy, compounded by the low margins that Tunisia has to address them.
