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Nizar Yaich

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Tunisia: Budget Deficit Projected to Hit 7 Percent of GDP
July 15th, 2020 - 09:00 GMT

Tunisia: Budget Deficit Projected to Hit 7 Percent of GDP

Tunisia is negotiating a number of countries, including Saudi Arabia, France and Italy to defer this year’s loan payments, as it expects its economy to shrink 6.5 percent because of the effects of COVID-19 pandemic, announced Investment Minister Slim Azzabi. Finance Minister Nizar Yaich announced Monday that Tunisia's budget deficit in 2020 will be about 7 percent of gross domestic product (gdp) compared with 3 percent announced in previous estimates ...
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