October 18, 2015

Tunisia expects economy to grow by 2.5% in 2016

This entry passed through the Full-Text RSS service - if this is your content and you're reading it on someone else's site, please read the FAQ at http://ift.tt/jcXqJW.



Sunday 18 Oct 2015 - 11:40 Makkah mean time-5-1-1437

(Image from zawya)

Tunis, (IINA) - Tunisian economic growth is expected to reach 2.5 percent next year compared with 0.5 percent in 2015, Finance Minister Slim Chaker said recently, Arab News reported.
The minister noted that Tunisia now will need $1.53 billion, or 3 billion dinars, in external financing for 2016 and intends to cut its budget deficit to 3.9 percent next year.
“Our total needs in 2016 will be 6 billion dinar, including 3 billion dinar from external loans,” Chaker added.
“We expect next year to launch a delayed sukuk Islamic financing bond for 1 billion dinar.”
The country’s deficit was expected to narrow to 3.9 percent of gross domestic product next year from an estimated 4.4 percent this year, Chaker said.
Inflation is forecast to slow to 4 percent next year from the 4.5 percent expected in 2015.
Growth dwindled along with tourism, which provides 7 percent of GDP, after terror attacks in the capital and at a beach resort killed a total of 61 people.
As part of a plan to ease fuel subsidies gradually, Chaker noted that Tunisia will begin a new system of automatic adjustments to petrol prices.
Since its 2011 revolution, Tunisia has made a transition to democracy, an achievement for which a quartet of organizations won the Nobel Peace Prize last week.
SM/IINA

No comments:

Post a Comment