Tunisian
Minister of Finance, said that Tunisia needs $ 1.3 billion funding and
foreign loans to cover the budget deficit this year.
This amount will include loans of one billion dollars from the World Bank and the International Monetary Fund Tunisia has already said it expects to get this year.
The government expects the budget deficit fell to five percent of GDP in 2015 from 5.8 percent last year, but achieving this goal increasingly difficult due to the high tens of thousands of public sector teachers who went on strike last month and boycotted the supervision of the examinations to press for the implementation of their demands to increase the salaries wages.
The Tunisian Minister of Finance, told a news conference: “Our need of foreign loans of five billion dinars. We collected 2.5 billion dinars, the equivalent of $ 1.3 billion, but still need to 2.5 billion dinars.”
He added that Tunisia spending on gasoline will drop 1.2 billion dinars due to the sharp drop in global oil prices. The total spending in the Tunisian budget for this year, 29 billion dinars.
Tunisia faces pressure from borrowers to reduce high public spending, including subsidies of basic food commodities and fuel by conducting a series of politically sensitive reforms.
The government said this month it plans to sell minority stakes in a number of state-run banks this year to raise about $ 670 million to contribute to deficit reduction that.
This amount will include loans of one billion dollars from the World Bank and the International Monetary Fund Tunisia has already said it expects to get this year.
The government expects the budget deficit fell to five percent of GDP in 2015 from 5.8 percent last year, but achieving this goal increasingly difficult due to the high tens of thousands of public sector teachers who went on strike last month and boycotted the supervision of the examinations to press for the implementation of their demands to increase the salaries wages.
The Tunisian Minister of Finance, told a news conference: “Our need of foreign loans of five billion dinars. We collected 2.5 billion dinars, the equivalent of $ 1.3 billion, but still need to 2.5 billion dinars.”
He added that Tunisia spending on gasoline will drop 1.2 billion dinars due to the sharp drop in global oil prices. The total spending in the Tunisian budget for this year, 29 billion dinars.
Tunisia faces pressure from borrowers to reduce high public spending, including subsidies of basic food commodities and fuel by conducting a series of politically sensitive reforms.
The government said this month it plans to sell minority stakes in a number of state-run banks this year to raise about $ 670 million to contribute to deficit reduction that.
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