Tunisian Finance Minister Mohamed Nizar Yaish confirmed that public finance is currently going through a very difficult stage due to the Coronavirus, which cost 5 billion dinars.
He pointed out that the public finance now needs to implement an economic recovery plan and an additional amount of about 8 billion dinars must be pumped into the state budget to cover expenses.
For his part, Minister of Investment and International Cooperation Salim El-Ezaby revealed that the number of unemployed in Tunisia increased by about 275 thousand new unemployed, according to a government study in partnership with the United Nations Development Program.
Minister El-Ezaby explained that the study expects the economy to shrink by 4.4%, but deflation may reach 6 or 7%, during the supplementary finance law, which the government will present to the Parliament within weeks.
Tunisia this month ended all travel and movement restrictions aimed at containing the Coronavirus, and the economic sectors have returned to work normally, and the end of this month will open its land, sea and air borders, in a sign of its control over the spread of the virus. But the tourism vital sector, which accounts for about 10% of GDP, is a major source of hard currency inflicted hard hit by the crisis.
Source (Al-Arabiya.net website, Edited)
