Hefty External Debts Exacerbate the Economic Crisis in Tunisia


Deputies in the Tunisian Parliament illustrated that hefty external debts and the reimbursement of these debts with high-interest rates are behind exacerbating the economic crisis that will lead to bankruptcy. Moreover, they illustrated that these debts are leading to disastrous political and social status quo that fend off investors. It is worth mentioning that Tunisia is enduring an unprecedented financial crisis, as the government will pass a decision to borrow about 600 million Euro, not to mention that country is dealing with a fiscal deficit of 11.5% and a public debt that exceeded 90% of the gross domestic product

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