Tunisia targets 2.7% growth in the 2020 budget

  • Tunis, Republic of Tunisia
  • 12 December 2019
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Tunisian Finance Minister Mohamed Reda Shalghoum acknowledged during the budget discussion session that there are major challenges during the year 2020, which require the continuation of reforms to advance economic growth and reform of public institutions, which today constitute an important challenge.

Parliament approved by a majority of the budget for 2020 by about 127 votes, while 4 deputies abstained from voting, about 50 deputies opposed it, and 181 out of 217 deputies participated in the vote. The size of Tunisia's budget for the next year is estimated at about 47.2 billion dinars (about 16.75 billion dollars), while the government expects a growth rate of 2.7 percent compared to about 1.4 percent expected at the end of this year. “The government has worked to restructure public banks and access financing and financial inclusion, as well as improving the social climate, by devoting the social security system, and strengthening programs for low-income and development projects” he said.

And he considered that "all positive starting points for the year 2020 are available and they come from the government's work to provide an institutional environment, entrench good governance in addition to adopting reforms to improve the business climate and establish the digital economy," explaining that "the goal for the next year is to achieve a growth rate of 2.7 percent ".

Source (London Arab newspaper, Edited)

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