Today, Saturday, Tunisian Minister of Economy and Planning Samir Said said that his country is heading to review the foreign exchange law within the framework of a study between the Central Bank and the International Monetary Fund.
This came in a statement by Minister of Economy and Planning Samir Said, which was reported by Mosaique Radio (private), today, Saturday, as reported by Anatolia.
The Tunisian minister said that a study is being carried out between the Central Bank and the International Monetary Fund, to review the measures being implemented in accordance with the foreign exchange law, as well as fundamental reforms to revive the Tunisian economy, which concern mainly the fiscal system.
He added that the measures expected to be adopted will be structural and concern public institutions and the public office, with the modernization of the support system so that it is directed to those who deserve it, and the tax system (the tax system) that requires reform, as well as policies to stimulate investment in the private sector.
The Tunisian minister stressed that the aim of these measures is to reach a balance for Tunisian finances in the medium term.
According to local media, these amendments and revisions to the foreign exchange law are aimed at facilitating transactions in hard currency, and enabling foreign investors to smoothly transfer their profits determined by the law.
Fiscal deficit
On December 28, the Tunisian government announced its budget for 2022, with an expected primary deficit of $3 billion, representing about 6.7 percent of GDP.
Financial pressure on Tunisia has escalated, following the political crisis that the country has witnessed since last July 25, as a result of President Kais Saied taking exceptional measures.
These measures include freezing the parliament’s competencies, lifting the immunity of its deputies, abolishing the constitutionality monitoring body, issuing legislation by presidential decrees, dismissing the prime minister, and appointing new ones.