Tunisia collects $630 mln from a national subscription this year

Author of the article: TUNIS — Tunisia has collected 1.8 billion dinars ($630 million) from a national subscription this year, the finance ministry said on Thursday, as the country struggles to finance this year’s budget deficit. The fiscal deficit in the latest forecast will reach 8.3% in 2021, up from 6.6% expected earlier. Tunisia this…
Tunisia collects $630 mln from a national subscription this year

Author of the article:

TUNIS — Tunisia has collected 1.8 billion dinars ($630 million) from a national subscription this year, the finance ministry said on Thursday, as the country struggles to finance this year’s budget deficit.

The fiscal deficit in the latest forecast will reach 8.3% in 2021, up from 6.6% expected earlier.

Tunisia this month resumed talks with the International Monetary Fund on a loan package predicated on Tunis imposing painful and unpopular steps aimed at liberalizing the economy.

The government is also looking to secure funds from Gulf countries, as the North Africa country faces the worst economic crisis after its economy contracted 8.8% last year.

Tunisia has cut its GDP growth expectation for 2021 to 2.6%, down from a previous forecast of 4%.

The government is also looking to secure funds from Gulf countries (Reporting By Tarek Amara Editing by Chris Reese)

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