Economic Recovery Plan Adopted
5 April 2011
Read by 1656 persons
TUNIS (AP) — Tunisian Finance Minister Jalloul Ayed announced Friday the adoption of an economic and social recovery plan, notably providing for the creation of 40,000 jobs in the short term.
Adopted at a cabinet meeting, this 17-point plan includes an exceptional recruitment program of 20,000 public sector employees, and measures to encourage businesses to create an equivalent number of jobs.
Furthermore, 200,000 young people will benefit from a monthly allowance of 200 dinars (101 euros) over ten months as part of "active employment policy mechanisms".
It was also decided to double the amounts allocated to "public utility programs in the regions" of the interior of the country and to encourage investment there.
On the social level, aid to disadvantaged families will be strengthened and micro-credits and grants will be given to 20,000 families to improve their housing.
As for Tunisians who fled Libya, whose number exceeds 40,000, they will receive aid of 400 dinars (202 euros) per person and 600 dinars (304 euros) per family.
These are the first concrete measures taken by the transitional government led for about three weeks by Beji Caid Essebsi. This plan aims to address a "delicate" situation despite "the good performance of industrial exports," said Mr. Ayed.
The sectors most affected by the near paralysis of economic activity since the end of December are tourism, transport, trade, phosphates and public works.
Their impact will be severe for 2011, with Tunisian economic growth expected to be between zero and 1%, compared to the initially projected 5.4%. The budget deficit is expected to double to 5% instead of the projected 2.5%.
Investment is expected to fall by 1,500 million dinars (762 million euros).
Published April 2, 2011
Posted online April 5, 2011
tempsreel.nouvelobs.com
Adopted at a cabinet meeting, this 17-point plan includes an exceptional recruitment program of 20,000 public sector employees, and measures to encourage businesses to create an equivalent number of jobs.
Furthermore, 200,000 young people will benefit from a monthly allowance of 200 dinars (101 euros) over ten months as part of "active employment policy mechanisms".
It was also decided to double the amounts allocated to "public utility programs in the regions" of the interior of the country and to encourage investment there.
On the social level, aid to disadvantaged families will be strengthened and micro-credits and grants will be given to 20,000 families to improve their housing.
As for Tunisians who fled Libya, whose number exceeds 40,000, they will receive aid of 400 dinars (202 euros) per person and 600 dinars (304 euros) per family.
These are the first concrete measures taken by the transitional government led for about three weeks by Beji Caid Essebsi. This plan aims to address a "delicate" situation despite "the good performance of industrial exports," said Mr. Ayed.
The sectors most affected by the near paralysis of economic activity since the end of December are tourism, transport, trade, phosphates and public works.
Their impact will be severe for 2011, with Tunisian economic growth expected to be between zero and 1%, compared to the initially projected 5.4%. The budget deficit is expected to double to 5% instead of the projected 2.5%.
Investment is expected to fall by 1,500 million dinars (762 million euros).
Published April 2, 2011
Posted online April 5, 2011
tempsreel.nouvelobs.com
