Former Trade Minister Mohsen Hassan and economist Ezzeddine Saidane indicated that reforms implemented by the current and former government had negative impacts at the local level.
Prices of various commodities continued to increase, including fuel and medicine, as the Tunisian dinar devalued against foreign currencies, especially the euro and the dollar.
Meanwhile, the Tunisian parliament approved a $19.2 billion budget for 2021, a 1.8 percent increase compared to last year’s budget.
The budget deficit was estimated at $2.9 billion, over seven percent of the GDP.
The record budget deficit questions the current government capabilities to overcome the deep financial gap, in light of a continuous economic recession and an increase in government expenditures, despite repeated warnings from the IMF.
The budget calculated the price of oil at $45 per barrel, as the Finance Ministry set a growth target of four percent by the end of 2021.
However, economists and financial experts believe the government will not be able to improve the growth index during the current year due to the lack of local resources and the negative indicators affecting the restructuring of the Tunisian economy.