Tunisian government withdraws costly extra budget bill ...Saudi Arabia

Author: ReutersID: 1604316352624116800Mon, 2020-11-02 11:05 TUNIS: Tunisia’s government said on Monday it had withdrawn the supplementary budget bill for 2020 that would have entailed the biggest deficit in decades, after both parliament and the central bank demanded it cut its spending plans. Parliament’s finance committee last week rejected the bill which would have widened the fiscal deficit to 14% of GDP as the state stepped up spending by about $4 billion, largely to alleviate the impact of the coronavirus pandemic. The government was counting on the central bank buying treasury bonds to finance this deficit. But the bank rejected the move saying it would boost inflation, cut reserve

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Last updated : 02 Nov 2020 clock 05:05 PM

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Tunisian government withdraws costly extra budget bill ...Saudi Arabia

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