Tunisia’s August Trade Deficit Up 20% Year-on-Year


Enterprise Television- Tunisia’s August Trade Deficit Up 20% Year-on-Year

An official data on Wednesday showed that Tunisia’s trade deficit widened by about 20 percent year on year in the first eight months of 2018 to 12.2 billion dinars ($4.39 billion).

The deficit was 10.1 billion dinars in the same period last year. The State Statistics Institute said it widened after imports rose by 20.4 percent.

Last year, the central bank ordered local lenders to stop financing imports of about 220 products – from fish to perfume – as the country tries to curb its trade deficit.

Unemployment is high, especially among the young, and some inland regions remain impoverished.

International lenders have demanded reforms to cut the deficit and reduce spending on a bloated public sector.