Tunisia reduces debt ratio by more than 5 points (Finance Minister)

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    Tunisia has been able to reduce, for the first time, its debt ratio by more than 5 points, Finance Minister Ridha Chalghoum said at a forum on “Explaining the Provisions of the 2020 Finance Law,” held Thursday in Tunis.

    The Minister highlighted the positive results achieved in 2019, in terms of increasing the State’s own resources, as well as the reforms of public finance, the reduction of indebtedness and the improvement of the dinar exchange rate, reckoning that these positive results will continue so as to introduce further reforms.

    Concerning tax resources, Chalghoum said their growth has been significant over the past two years, adding that Tunisia has been prudent this year in order to achieve a higher growth rate and better results.

    Tunisia is in need for funding to repay its debts, in accordance with the agreements concluded with international donors (WB and IMF), the minister added.

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