Tunisia's PM decides against relying on more external debt, will freeze salaries

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Tunisian Prime Minister Elyes Fakhfakh said on Sunday he had decided against the use of more external debt and that all new expenses that arise for the country would be funded only through internal loans.

FILE PHOTO: Tunisia's Prime Minister Elyes Fakhfakh speaks during a handover ceremony in Tunis, Tunisia February 28, 2020. REUTERS/Zoubeir Souissi

This move could spark a conflict with the powerful UGTT Union, which is expected to reject the decision, and could lead to protests and strikes. “External debt reached dangerous levels and now reached 60% of GDP, compared to 30% in 2013 and I decided not to continue in this way,” Fakhfakh said in interview with Attessia TV.

Tourism revenues fell by about 50% in the first five months of this year compared to the same period in 2019, as western tourists deserted Tunisia’s hotels and resorts.

 

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Let’s see if any government employees are patriotic enough to show up for work.

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