Tunisia to cut 2018 deficit to 4.9 percent of GDP, eyes GDP growth of 3 percent – minister

Tunisia plans cut its budget deficit to 4.9 percent of gross domestic product in 2018, down from about 6 percent expected in 2017, as fiscal reforms take effect, the economic reforms’ minister said on Wednesday.

The North African country is under pressure from the International Monetary Fund and its partners to speed up reforms to create jobs and cut its deficit after its vital tourism sector was hit by deadly militant attacks in 2015.

“Next year’s budget would be a budget of major reforms that were delayed a lot, including fiscal reforms aimed at raising state resources, as well as reforms in the public sector,” Taoufik Rajhi, the minister of economic reforms, told Reuters in an interview by phone.

Rajhi said that Tunisia’s financing needs next year will be about 10 billion dinars ($4.11 billion) compared with about 8.5 billion dinars in 2017.

 “Foreign loans are expected to reach about 65 percent of the country’s total financing”, Rajhi said.

“With our package of new reforms we aim to raise GDP growth to about 3 percent and possibly more in 2018 compared with 2.5 pct this year … we will cut the budget deficit to 4.9 pct,” he said.

The budget will not exceed 36 billion dinars next year, up from 32 billion dinars in 2017.

He said the government was in talks with the powerful UGTT labor union on an agreement to raise the retirement age from the current 60 years.

The government will also impose a 1 percent contribution on annual income to prop up strained social funds, he said, and the value-added tax would be also raised by 1 percent.

The government is expected to face opposition from trade unions and some professions, such as lawyers, who have threatened to go on strike if taxes rise.

In April, the IMF agreed to release a delayed $320 million tranche of Tunisia’s $2.8 billion in loans.

REUTERS

 

Related posts

94 Thoughts to “Tunisia to cut 2018 deficit to 4.9 percent of GDP, eyes GDP growth of 3 percent – minister”

  1. I appreciate you sharing this blog article.Much thanks again. Really Cool.

  2. Major thanks for the article.Thanks Again. Cool.

  3. Im obliged for the article post.Much thanks again.

  4. Wow, great blog article.Much thanks again. Really Great.

  5. I see you’re a blog owner, so please add me to your email / mailing list. My email is: mediciondigital@gmail.com – I buy websites that meet certain metrics. This site looks like it might, so please reach out to me

  6. I really like and appreciate your article post.Thanks Again. Really Cool.

  7. Im grateful for the blog article.Really looking forward to read more. Cool.

  8. Major thankies for the blog post.Really thank you! Fantastic.

  9. Enjoyed every bit of your blog.Thanks Again. Much obliged.

  10. Thank you for your article. Fantastic.

  11. Major thanks for the article.Really looking forward to read more. Much obliged.

  12. Enjoyed every bit of your article.Really looking forward to read more. Fantastic.

  13. I really like and appreciate your blog post.Really looking forward to read more. Want more.

  14. Appreciate you sharing, great blog.Thanks Again.

  15. Appreciate you sharing, great blog post. Really Great.

  16. Major thanks for the blog. Cool.

  17. Say, you got a nice article post.Much thanks again. Will read on…

  18. I really liked your article post.Really thank you! Will read on…

  19. This is one awesome article post.Really thank you! Will read on…

  20. Very informative post.Much thanks again. Keep writing.

  21. Major thankies for the blog post.Thanks Again. Fantastic.

  22. The article is worth reading, I like it very much. I will keep your new articles.

  23. Thanks so much for the article.Much thanks again. Keep writing.

  24. A round of applause for your blog.Much thanks again. Fantastic.

  25. Really appreciate you sharing this blog post.Thanks Again. Great.

  26. A big thank you for your article post. Really Cool.

  27. This is one awesome post.Much thanks again. Cool.

  28. I really enjoy the article. Fantastic.

  29. Thanks again for the article. Want more.

  30. Im grateful for the blog.Really looking forward to read more. Want more.

  31. “We stumbled over here from a different web page and thought I might check things out. I like what I see so now i am following you. Look forward to finding out about your web page for a second time.”

  32. Looking forward to reading more. Great blog article.Thanks Again. Really Great.

  33. I really like and appreciate your blog post. Really Great.

  34. Looking forward to reading more. Great article post. Want more.

  35. Wow, great blog article.Thanks Again. Keep writing.

  36. Thanks a lot for the blog article.Really looking forward to read more. Much obliged.

  37. I cannot thank you enough for the blog article. Cool.

  38. Really informative post.Much thanks again. Keep writing.

  39. Awesome article.Really looking forward to read more. Keep writing.

  40. Fantastic article.Really looking forward to read more. Really Cool.

  41. wow, awesome post.Much thanks again. Will read on…

  42. Really appreciate you sharing this blog post.Thanks Again. Much obliged.

  43. Hey, thanks for the post.Really looking forward to read more. Much obliged.

  44. “Przy doborze klienci idД… siД™ zazwyczaj cenД…, sytuacjД… a efektywnoЕ›ciД….”

  45. Thanks for sharing, this is a fantastic article.Thanks Again. Awesome.

  46. Im grateful for the blog post. Want more.

  47. Thanks-a-mundo for the blog article. Really Cool.

  48. “I really like this website , and hope you will write more ,thanks a lot for your information.”

  49. Thanks for sharing, this is a fantastic post.Really thank you! Really Great.

  50. I truly appreciate this blog.Really thank you! Will read on…

  51. Very informative blog article.Thanks Again. Really Great.

  52. Enjoyed every bit of your blog post.Really thank you! Really Great.

  53. “I’ve recently started a web site, the info you offer on this website has helped me tremendously. Thanks for all of your time & work.”

  54. Looking forward to reading more. Great blog.Really looking forward to read more.

  55. I really like and appreciate your article post. Keep writing.

  56. Thank you for your blog.Much thanks again. Fantastic.

  57. Really enjoyed this blog.Really looking forward to read more. Want more.

  58. “Thanks for a marvelous posting! I truly enjoyed reading it, you will be a great author.I will make sure to bookmark your blog and will often come back someday. I want to encourage one to continue your great work, have a nice evening!”

  59. I am so grateful for your blog article.Really thank you! Much obliged.

  60. Great, thanks for sharing this post.Really looking forward to read more. Will read on…

  61. Thanks a lot for the blog post.Much thanks again. Want more.

  62. Enjoyed every bit of your article.Really thank you! Fantastic.

  63. Thanks again for the article post. Want more.

  64. Really enjoyed this article.Really looking forward to read more. Really Great.

  65. Muchos Gracias for your blog.Thanks Again. Want more.

  66. Thank you ever so for you article post.Really looking forward to read more. Cool.

  67. Really appreciate you sharing this blog post.Thanks Again. Want more.

  68. Heya i’m for the first time here. I found this board and I find It really useful & it helped me out much. I hope to give something back and help others like you helped me.

  69. Hello there! Do you use Twitter? I’d like to follow you if that would be ok. I’m definitely enjoying your blog and look forward to new posts.

  70. I think this is one of the most important information for me. And i’m glad reading your article. But wanna remark on some general things, The web site style is wonderful, the articles is really great : D. Good job, cheers

  71. This is really interesting, You are a very skilled blogger. I have joined your rss feed and look forward to seeking more of your wonderful post. Also, I have shared your site in my social networks!

  72. Thank you, I have just been looking for information about this topic for a while and yours is the greatest I have found out till now. However, what in regards to the conclusion? Are you positive about the source?

  73. I like what you guys are up also. Such intelligent work and reporting! Carry on the superb works guys I have incorporated you guys to my blogroll. I think it will improve the value of my web site 🙂

  74. Thanks , I’ve recently been looking for information about this topic for a long time and yours is the best I have discovered so far. But, what concerning the bottom line? Are you certain in regards to the supply?

  75. You made some decent points there. I did a search on the subject matter and found most guys will agree with your blog.

  76. Hi there, You have done a great job. I will certainly digg it and personally suggest to my friends. I am confident they’ll be benefited from this site.

  77. Hi! This is kind of off topic but I need some help from an established blog. Is it very difficult to set up your own blog? I’m not very techincal but I can figure things out pretty fast. I’m thinking about setting up my own but I’m not sure where to start. Do you have any tips or suggestions? Thanks

  78. Great weblog here! Additionally your website so much up very fast! What host are you using? Can I get your associate hyperlink to your host? I desire my web site loaded up as fast as yours lol

  79. Very great post. I just stumbled upon your blog and wished to say that I’ve really loved surfing around your blog posts. In any case I will be subscribing to your rss feed and I am hoping you write again soon!

  80. It’s actually a cool and helpful piece of info. I’m satisfied that you simply shared this useful info with us. Please keep us informed like this. Thank you for sharing.

  81. Someone essentially help to make seriously articles I would state. This is the first time I frequented your web page and thus far? I surprised with the research you made to make this particular publish amazing. Excellent job!

  82. I will right away grab your rss as I can not to find your e-mail subscription hyperlink or newsletter service. Do you’ve any? Kindly permit me know so that I may just subscribe. Thanks.

  83. I am writing to make you be aware of what a fabulous experience my cousin’s princess gained viewing your site. She picked up lots of issues, which included how it is like to possess an excellent teaching mindset to let other people without hassle thoroughly grasp a number of hard to do matters. You undoubtedly exceeded my expected results. Thank you for providing such interesting, safe, informative as well as unique guidance on this topic to Julie.

  84. You made some respectable factors there. I seemed on the web for the difficulty and located most people will associate with along with your website.

  85. Good day! Do you know if they make any plugins to protect against hackers? I’m kinda paranoid about losing everything I’ve worked hard on. Any tips?

  86. Hmm it seems like your site ate my first comment (it was super long) so I guess I’ll just sum it up what I had written and say, I’m thoroughly enjoying your blog. I too am an aspiring blog blogger but I’m still new to the whole thing. Do you have any tips and hints for beginner blog writers? I’d genuinely appreciate it.

  87. I will right away grab your rss as I can’t find your e-mail subscription link or e-newsletter service. Do you have any? Please let me know so that I could subscribe. Thanks.

  88. I really wanted to jot down a brief note to be able to say thanks to you for the awesome suggestions you are posting on this website. My time-consuming internet look up has finally been compensated with incredibly good facts and strategies to write about with my family and friends. I ‘d suppose that most of us website visitors actually are extremely lucky to exist in a very good network with many special people with insightful opinions. I feel rather grateful to have discovered the site and look forward to so many more brilliant moments reading here. Thanks once more for all the details.

  89. Can I simply say what a relief to find someone who really is aware of what theyre talking about on the internet. You positively know easy methods to deliver an issue to mild and make it important. Extra individuals must read this and perceive this aspect of the story. I cant consider youre no more standard since you positively have the gift.

  90. I am really loving the theme/design of your website. Do you ever run into any internet browser compatibility issues? A handful of my blog visitors have complained about my website not operating correctly in Explorer but looks great in Firefox. Do you have any ideas to help fix this problem?

  91. Thanks , I have recently been looking for info approximately this topic for ages and yours is the best I have found out so far. But, what about the bottom line? Are you positive concerning the supply?

Comments are closed.