Tunisia’s August trade deficit rises to $4.39bn

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Central Bank Tunis,Tunisia

Tunisia’s trade deficit widened by about 20 percent year on year in the first eight months of 2018 to 12.2 billion dinars ($4.39 billion), a record level, official data showed on Wednesday.

The deficit was 10.1 billion dinars in the same period last year.

It widened after imports rose by 20.4 percent, the State Statistics Institute said.

Meanwhile, international lenders have demanded reforms to cut the deficit and reduce spending on the public sector.

It would be recalled that as part of measures to curb its trade deficit last year, the central bank ordered local lenders to stop financing imports of about 220 products.

Peace PIAK