Economy

Tunisia-Finance Committee in Parliament approves supplementary finance bill 2020

The Finance, Planning and Development Committee of the House of People’s Representatives, on Wednesday, passed the draft supplementary finance law for the year 2020 with 11 votes for and one against.

On this Chance, Minister of Economy, Finance and Investment Support, Ali Kooli, affirmed that the expected deficit for the year 2020 is expected at 11.4% of GDP, which entails the mobilisation of supplementary funds.

“We have acquired loans worth approximately 800 million dinars from local banks, with an interest rate of 9.4%,” he said.

Tunisia will further resort, he added, to external loans amounting to 2.7 billion dinars, in addition to the financing that will be obtained by the Central Bank of Tunisia, up to 3.5 billion dinars.

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