Tunisia: € 70 million from EC for Tourism and spending

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    The European Commission adopted the second part of its assistance package for to Tunisia. It aims to support the country’s socio-economic reforms and its tourism sector for a total amount of € 70 million. This support is funded under the European Neighborhood Instrument in the framework of the European Neighborhood Policy.
     
    This program aims to accompany socio-economic reforms and to maintain short and medium-term economic stability.
     
    In particular, it should enhance the effectiveness and the quality of public spending; especially important in the current tight budgetary and economic climate. To achieve this, the program will support actions that will specifically contribute to the implementation of the new “Organic Budget Law” and the introduction of measures to accompany public finance reforms.
     
    It will further promote capacity-building in the main institutions involved in public-finance management (audit authority and finance ministry), including knowledge sharing with the support of European experts.
     
    In addition, in response to the terrorist attacks which severely affected the tourism sector, the program foresees specific measures in support of this key pillar of Tunisia’s economy.
     
    It will foster the implementation of emergency measures for the tourism sector, notably through a reduction in financial burdens stemming from taxes and social security contributions.

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