Tunisian parliament adopts austerity plan for its admin expenses

The Tunisian parliament approved overwhelmingly on Friday to decrease its administrative expenses as part of an internal austerity plan, Parliamentary Speaker Mohamed Al-Nasser has announced.

According to Moheet.com, Tunisian MPs discussed the parliament budget for 2017 and approved it with the austerity plan.

Meanwhile, the Chamber of Commerce in Tunisia predicts losses on the export of sugar during 2017 to reach around 226 million Dinars ($102.3 million). The losses are expected to be absorbed by the public budget.

The trade body also said that it would approve the automatic price modification for selling sugar to the industrial sector based on the cost price. This will take effect from the start of 2017 in order to reduce the volume of the expected losses.