Tunisia expects 3.7 percent economic growth in five-year plan

TUNIS – Tunisia expects to achieve economic growth of 3.7 percent in the five-year plan (2016-2020), a Tunisian official said on Monday.

The rate has been revised downwards from four percent due to the growth regression in the fiscal year 2016, said Tunisian Minister of Investment and International Cooperation Fadhel Abdelkafi.

“To reach this rate of growth, we will accelerate the implementation of public projects, the development plan approval, the improvement of business climate as well as the recovery of foreign investments,” he said.

The Tunisian national unity government will promote public consumption to reach 2.3 precent of gross domestic product (GDP) and private consumption to 3.9 percent, investment to 8.3 percent, savings to 17.9 percent, and also limit inflation below three percent, according to the five-year plan.

It also has a target to create not less than 400,000 new jobs.

The plan is based on five priorities: good governance, fight against corruption, administrative reform, a green economy as well as the transition from a cost-effective economy to an economic hub that serves regional development and social integrity, according to the official.

Source: Angola Press News Agency