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Tunisia Eyes GDP Growth, Currency Reform, to Boost Economy

  • Government looks to halve budget deficit by 2020 to 3 percent
  • New targets come as government tries to implement IMF program
Customers are seen inside a shopping mall on Avenue Bourguiba in Tunis, Tunisia, on Wednesday, Nov. 2, 2011. Tunisia's government expects economic growth to accelerate to 4.5 percent next year, the state-run Agence Tunis Afrique Presse reported, citing the draft budget.
Photographer: Trevor Snapp/Bloomberg
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Tunisia’s government is looking to double economic growth, slash its budget deficit and revise some currency restrictions in an effort to revive its struggling economy.

Prime Minister Yousef El-Shahed told parliament the government seeks to raise economic growth to 5 percent in 2020 compared with an expected rate of 2.5 percent this year, and would work to halve the budget deficit to 3 percent of gross domestic product by that year from 6 percent forecast for 2017.