Fiscal Balance in Tunisia

Tunisia Fiscal Balance | Economic News & Forecasts

Tunisia - Fiscal Balance

After a mild slowdown in the third quarter due mainly to lower oil and chemical production, political gridlock and social unrest are clouding Tunisia’s economic prospects in Q4 and beyond. Amid dwindling foreign reserves, Prime Minister Youssef Chahed has been under significant pressure—notably from the IMF—to slash the country’s fiscal deficit, but is simultaneously facing widespread public protests against austerity and lacks a clear legislative majority. On 13 December, parliament rejected a proposal to raise the retirement age to curb social security spending. However, on 15 December Chahed secured USD 830 million of aid from Saudi Arabia, giving the country a short-term financial lifeline.

Tunisia - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-6.9  -5.0  -4.8  -6.1  -6.1  

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Tunisia Fiscal Balance Chart


Tunisia Fiscal
Note: Fiscal balance as % of GDP.
Source: Ministry of Economy and Finance.

Tunisia Facts

ValueChangeDate
Bond Yield7.450.0 %Sep 15
Exchange Rate3.01-0.27 %Jan 16
Stock Market0.10.05 %Jan 15

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