tunisian parliament provides support for chahed
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

As it pledged to resume war against terrorist

Tunisian parliament provides support for Chahed

Arab Today, arab today

Arab Today, arab today Tunisian parliament provides support for Chahed

Tunisian parliament
Tunis - Hayat Al Ghanemi

Tunisia’s parliament gave Prime Minister Youssef Chahed’s new government a vote of confidence on Monday after the premier detailed plans to halve the budget deficit and trim the public wage bill in the next three years as part of a reform package.

Chahed last week named a new cabinet after weeks of wrangling between the ruling Nidaa Tounes party and rival Islamist party Ennahda over posts that had delayed progress on a reform program backed by the International Monetary Fund.

Lawmakers voted late on Monday to approve the new cabinet, giving Chahed support to push on with austerity measures. “We hope this will be the government that gives Tunisians back some hope,” parliament assembly President Mohamed Naceur said after the vote.

Tunisia has been praised for its democratic progress after the 2011 uprising against autocrat Zine El-Abidine Ben Ali, but successive governments have failed to advance in economic reforms to trim deficits and create jobs and growth.

Chahed earlier said his government needed consensus backing to push ahead with reforms by 2020 that he hopes will revive Tunisia’s economy, which has been hit by unrest after the 2011 revolt and by militant attacks on the tourism industry.

“We are preparing an economic plan to relaunch and salvage the Tunisian economy,” he told parliament five days after naming a cabinet that includes a new minister in charge of economic reforms. “This is needed to balance our finances.”

Chahed said the government aimed to reduce the deficit to 3 percent of gross domestic product by 2020 from 6 percent expected this year. He said growth was expected to hit 5 percent that year; in the first half of this year, the economy expanded by 1.9 percent.

Backed by the International Monetary Fund, the North African country is looking to reduce subsidies, overhaul its pension system and shrink its large public sector. But worries over social unrest have kept authorities from advancing with reforms.

Chahed said the government planned to reduce the public wage bill to around 12.5 percent of GDP from the current 14 percent - one of the highest ratios in the world.

In an effort to boost foreign currency reserves, he said the government would also loosen currency controls to allow Tunisians to hold foreign currency accounts locally and introduce an amnesty for illicit foreign currency trade.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

tunisian parliament provides support for chahed tunisian parliament provides support for chahed

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

tunisian parliament provides support for chahed tunisian parliament provides support for chahed

 



GMT 08:12 2017 Tuesday ,28 November

Government launches a campaign to eliminate corruption

GMT 18:43 2018 Thursday ,20 September

Russian PM does not rule out expansion of trade wars

GMT 09:28 2017 Saturday ,30 December

Ski jumping: 40,000 to see Four Hills take leap of faith

GMT 19:31 2017 Sunday ,16 April

Iran to export gas to Iraq

GMT 03:14 2017 Monday ,17 April

Kazakhstan Ambassador hails ties with Oman

GMT 20:57 2017 Wednesday ,20 September

Dubai Customs launches Partners’ Happiness Lab

GMT 18:32 2017 Monday ,30 October

CBE governor directs banks to expand funding

GMT 14:58 2017 Sunday ,19 February

Dhoni removed as Pune captain, Smith to take over

GMT 14:35 2017 Thursday ,19 January

Naidu comes to the defence of 'Dangal' actress Zaira

GMT 18:06 2016 Tuesday ,06 December

HHA launches Geely X7 Sport 4WD in Saudi market

GMT 05:42 2017 Saturday ,01 April

Toshiba soars on reports of memory chip unit bid

GMT 16:00 2018 Tuesday ,30 October

Five killed in Daesh attack in central Libya

GMT 01:37 2018 Tuesday ,16 January

Education Minister congratulates Bahrain Bayan School

GMT 13:01 2015 Sunday ,23 August

New Suez Canal Project achievement for all Arabs
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday