After his government gained confidence in Parliament, Tunisian Prime Minister Elias Fakhfakh pledged that the government would preserve the value of the local currency, which is witnessing a relatively recovery after years of sharp decline. Stressing that "the government will not depend on the monetary solutions adopted by the government of Youssef El-Shahid to reduce the rate of inflation, after these solutions have caused slowing growth."
In the session of giving confidence to his government, Al-Fakhfakh stressed the reduction of the trade deficit by reviewing the supply programs within the framework of the agreements that Tunisia has signed, describing the high trade deficit as "the most important dilemmas" facing the Tunisian economy.
He stressed that "one of the government's priorities is to mobilize the financial resources needed for the 2020 budget," noting that "the government will resort to international financiers and the global market, while at the same time committing to direct loans to public investment and reducing external debt and inflation rates."
Tunisia needs to mobilize $ 3.8 billion in resources to pay the budget deficit, in addition to about $ 4 billion in foreign loans.
Source (The New Arab Newspaper, Edited)
