Economic program objectives: a growth rate of 7%

A document of actions program was provided by the government for 2012 in which a development strategy in the medium term has been set in order to get 7% of growth rate  by 2015. This strategy which will open the doors for an economic recovery period will also increase the investment level by 26% of GDP. According to the document, the growth rate will allow the individual income to reach    9 000 Tunisian Dinars (5950 $) by 2016 compared to 5 717 Tunisian Dinars (3 775 $) in 2010 by taking in consideration an improved international and regional environment and the breakthrough of Tunisia on new markets. 

As a part of its program, the government will try to develop the sources of growth through increasing investment to 15.59 Million Dinar (10.29 Million dollar) with an increase of 10.6%, which will enhance the investment share in GDP to 22.3%. This strategy aims to pick up the national economy from recession and achieve a positive growth rate of 3.5% at constant prices, against a negative growth rate of -2.2% in 2011. The government’s program expects an increase of 5.8% of goods exports thanks to the recovery of the production capacity in the affected sectors in 2011; specially the phosphate production and the increase of tourism revenues by 2.12 Million of Dinars (1.4 Million Dollars), an increase of 10%.

 The document revealed also that funding for the national economy will be based primarily on national savings with the use of external funding with respect to direct investments for the realization of development projects. Funding requirements under the year 2012 are estimated at about 19.48 MD (12.86 Million Dollars) with 11.44 Million Dinar of internal development financing. Projects in industrial zones will be temporarily exempted from the preparation of detailed development plans, given the slowness of procedures and the lack of regional councils.

 The government seeks according to this document, to develop a privileged partnership with the European Union and strengthen the integration process of Tunisia in the European space (free movement of capital and persons), while diversifying partners of Tunisia in Asia, Africa, North and South America.

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