Tunisia turns to central bank to shore up its budget deficit ...Kuwait

The New Arab - News

Cash-strapped Tunisia wants to borrow billions from its central bank to shore up budget deficits and bandage its ongoing economic crisis. In a meeting behind closed doors, the North African country's parliament on Wednesday mulled a request from President Kais Saied's government to borrow funds after it previously overhauled laws designed to guarantee the bank's independence. The government wants the central bank to directly buy up to 7 billion Tunisian dinars ($2.25 billion) in interest-free bonds to help plug a 10 billion dinar ($3.2 billion) budget deficit. But in Tunisia — where inflation and shortages of basic goods have become routine — the request is raising c

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Last updated : 31 January 2024 clock 10:45 PM

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