A presidential decree published on Friday in the Official Gazette said that Tunisia will issue a public subscription to cover part of the needs of the 2022 budget, without giving details of the amount expected to be raised from the subscription.

Tunisia - which is facing the worst financial crisis - hopes to reach an agreement with the International Monetary Fund next April, to obtain a financing program to revive the faltering economy, allowing it to obtain external financing from other partners as well.

Tunisia's western allies have refrained from lending it since a political crisis erupted after President Kais Saied seized most of the authorities on July 25, in a move his opponents described as a coup, and Said said it was a necessary step to save the country from collapse.

Major foreign donors urged Kais Saied to return to the normal constitutional order.

An agreement with the International Monetary Fund would allow these donors to provide their financial assistance.

Saeed, who pushed aside most articles of the constitution so he could rule by decree, appointed Najla Boden prime minister last September, and pledged to start a dialogue on reforms to the political system.

Foreign donors and the International Monetary Fund have previously raised the need for broad support for economic reforms, meaning that Saied will likely need the support of the powerful labor union and key political players to secure an agreement.

The IMF urged Tunisia to reform its subsidy system and the cost of public sector wages and loss-making state-owned companies.

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