Tunisia’s Government has approved a supplementary financial law, increasing the Country’s budget by 9.8 percent compared to the initial appropriations allocated by the Tunisian Ministry of Finance to finance all economic activities.
The Country’s budget for the current year rose from 35.9 billion dinars (about 12.5 billion dollars) to 37.6 billion dinars (13 billion dollars), an increase of 1.7 billion dinars, from which 1.2 billion is attributed to fuel. This means that 70.5 percent of the increase in Tunisia's budget tended to compensate for the huge gap left by the rise in oil prices.
Tunisia has adopted far-reaching prices in the current year's budget. International oil prices have been estimated at $54 a barrel, while prices have averaged $76.
The Country’s budget update for 2018 was based on the results recorded at the end of August and on the assumptions of the development of economic and financial indicators at the local and international levels, especially international oil prices.
Source: (Al-Sharq Al-Awsat newspaper, Edited)
