Tunisia’s trade deficit, going high

Tunisia has opted since twenty years for a free trade economy. Photo : RR

Casablanca, Morocco (ADV) – Tunisia’s trade deficit widened by about 20 percent year on year in the first eight months of 2018 to $4.39 billion, a record level, official data showed on Wednesday.

The deficit was $3.6 billion in the same period last year.

It widened after imports rose by 20.4 percent, the State Statistics Institute said.

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.

© Bur-csa – N.A – African Daily Voice (ADV)