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• The government package of anti-crisis measures aims at cutting down the fiscal deficit to 3.5% of GDP in 2013 down from a projected 6.7% in 2012
• The government response towards the fiscal deficit crisis is deemed as insufficient by the Fiscal Council and the IMF mission • The government will seek to use a combination of financing options to finance this year’s budget including the Eurobonds market, domestic markets and a loan from Russia to finance this year’s budget
• The post election domestic economy landscape is deteriorating: the recession deepens, the current account deficit is widening, inflation trends significantly higher on food prices whilr the Dinar has recovered only modestly from historic lows