Tunisia to implement subsidy cuts in 2023, says Minister

Tunisia will implement a brand new subsidy system subsequent 12 months to scale back subsidies

Tunisia will implement a brand new subsidy system subsequent 12 months to scale back subsidies for primary supplies progressively, Commerce and Export Improvement Minister Fadhila Rabhi mentioned.

“The spending on subsidies in Tunisia is anticipated to achieve 4.2 billion Tunisian dinars (1.39 billion U.S. {dollars}) in 2022, in comparison with 3.2 billion dinars in 2021 and 730 million dinars in 2010,” Rabhi mentioned at a press convention.

She mentioned the brand new system will implement from 2023 to 2026 and the subsidy might be directed to folks and households on low incomes.

Rabhi confused that this reform goals to arrange a good assist system and rationalise the consumption of subsidised supplies.

Tunisia is searching for a 4 billion U.S. greenback mortgage from the IMF to keep away from chapter.

To this finish, the North African nation is required to implement deep reforms together with freezing wages, slicing vitality and meals subsidies and privatizing some state corporations.

(Xinhua/NAN)

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