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Tunisia to start food and energy subsidy cuts next year

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Al-Araby

Tunisia will begin gradual cuts in energy and food subsidies coupled with financial transfers to vulnerable families next year, the government said on Tuesday, announcing a key reform demanded by international lenders. Tunisia is in talks with the International Monetary Fund to agree on a $4 billion loan in return for an unpopular reform package to shore up its struggling public finances. Cutting subsidies certainly is the way forward to breaking the oligarcho-monopolies BUT, for over a year now Tunisia has been in talks with the IMF, the second way forward is major legislative change of a lev…

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