Reuters exclusively reported that Tunisia will cut its public sector wage bill and replace subsidies with direct support for the needy. A government reform proposal written to support talks with the International Monetary Fund, and show to Reuters, envisages eliminating all general subsidies by 2024 and cutting the wage bill to 15% of GDP by 2022 from 17.4% last year, partly through early retirement and reductions in working hours.
Business & Finance
Reuters exclusively reports Tunisia will propose wage, subsidy cuts in IMF talks
05 May 2021, 2:28 pm 1 minute
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Economy & Policy
Regions: Africa
Countries: Tunisia
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story