Corona and the faltering economy overthrow the Tunisian government | latest news

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External debts, the collapse of the health system, the rapid spread of the Corona pandemic…

Factors that enabled Tunisians to break their silence and protest against their government’s mismanagement of economic and health conditions.

Apparently, Prime Minister Hicham Al-Mashishi did not satisfy his dismissal of the Tunisian Minister of Health last week, blaming him for the collapse of the health sector and the poor distribution of vaccines.

As the successive developments prompted President Kais Saied to take a decision to dismiss the government and freeze the work of Parliament.

The decision came at a time when the country is witnessing an increase in its debt burden and a contraction in the growth of its economy by 8.8%, in addition to a fiscal deficit that reached 11.4% last year, and Tunisia estimates its debt payments due this year at $5.8 billion, including $500 million in July, which was recently paid according to The Ministry of Finance and another $500 million are due in August.

Despite Tunisia’s efforts to repay its debts, reports from international institutions warn that foreign currency reserves will decline significantly with the repayment of debts, which will harm the value of the local currency.

Add to this the warnings by Standard & Poor’s rating agency last May that a sovereign debt default in Tunisia could cost the country’s banks up to $7.9 billion.

The bet remains dependent on the incoming government and its ability to correct the trajectories of the economy and health, in light of the acceleration of the spread of Corona, which incurred expensive bills for Tunisians, whether in lives or money.





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