2023-12-27 10:34:54
The year 2023 will soon be over and it is time to take stock of the country’s economic situation. Situation marked by geostrategic events which had direct impacts on the national economy, reflected in inflationary pressures on the prices of hydrocarbons and essential foodstuffs. A situation which has been exasperated by a wave of drought not seen in years, which has raised the specter of a serious water shortage under our skies.
It is time to take action and implement the executive’s commitments regarding national economic projects, for the good of all. Our economic fabric must remain competitive. The business environment also plays a determining role…Obviously, we are delighted with the dynamic provided by the State for the execution of the socio-economic projects launched. To carry out this virtuous dynamic, it is necessary to work harder for the deployment and effective operationalization of structural economic reforms, which are struggling to materialize.
Since the start of 2023, the Tunisian economy has resisted international economic and geopolitical shocks. But the monetary policy initiated by the country has not succeeded in curbing the inflationary effect which has been hovering for more than a year. Described as worrying, the inflation phenomenon had reached a record level of more than 10%. An upward trend which has been systematically accompanied by an increase in the consumer price index (CPI). The increase in the key rate was indirectly intended to put a brake on the skyrocketing price of food products. But the opposite happened. The increase in the inflation rate is the result of external and exogenous factors having impacted the national economic situation.
The sustainability of economic development depends on domestic demand, and de facto that of citizens whose purchasing power has been heavily impacted.
The 2024 finance law comes in an international and regional context marked by expectation. The multiple endogenous and exogenous constraints have negatively impacted all indicators of social development and growth, as well as the purchasing power of households, the balance of accounts, as well as the State budget. The LF thus forecasts an improvement in the growth rate, which remains a central objective in the development plan during the next stage.
This plan envisages achieving GDP growth of 2.1% in 2024 compared to 0.9% in 2023. The year 2023 ends with a deficit identical to that of the previous year (-7.7 %), reduced to 6.8% of GDP thanks to donations and seizures.
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