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Wednesday 23 June 2021
HomeNewsTunisia: Government seeks to reduce budget deficit to 5.5 per cent

Tunisia: Government seeks to reduce budget deficit to 5.5 per cent

A delegation of Japanese financial rating agency “Rating and Investment (R & I)” enquired, during a meeting with Acting Minister of Finance, Slim Besbes, about the situation of public finance, the state strategy regarding the budget deficit, its regional development policy and the system of compensation.

The goal desired by Tunisia in 2012 is to stimulate the economy, while the growth rate achieved in the first half was 3.3%, and the estimates for 2013 predict a rate of 4 5%, said a statement from the Ministry of Finance.

Other objectives: “the reduction of the budget deficit to 5.5% in 2012 and to 3% in 2017 and control of inflation and the decline in the value of dinar,” the source said.

“These estimates were determined based on the price of oil on the international market ($ 110).”

Finally, the minister assured that the government will succeed in mobilizing financial resources for equalization thanks the latest increase in oil prices.

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