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Sunday 26 September 2021
HomeNewsTunisia: lawmakers approve 2015 budget, expect 3 percent growth

Tunisia: lawmakers approve 2015 budget, expect 3 percent growth

Tunisia’s government sees economic growth accelerating to 3 percent in 2015 from an estimated 2.5 percent this year while the budget deficit is expected to narrow, according to a budget bill passed by parliament on Thursday.

The 29 billion dinar ($15.69 billion) budget is 6 percent bigger than this year’s.

It forecasts a budget deficit of 5 percent of gross domestic product next year, less than the 5.8 percent estimated for this year.

Development spending will rise to 5.8 billion dinars ($3.14 billion) from 5.3 billion dinars ($2.87 billion) in 2014.

The government, which will be replaced early next year after Tunisia’s first full parliamentary elections in October, has said at least three more years of painful and politically difficult reforms are needed to revive growth following the 2011 revolution.

These will include tax changes and subsidy cuts.

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