The Maghreb Street - Karima El Saadawi: Regardless of the "story" of withdrawing confidence and who is its people, which witnessed on Thursday, the Bardo Palace, very far from the Tunisians' concerns and concerns, it has become certain that no international economic and financial body, whether invested or creditor, can It will have dealings with Tunisia, a country that these circles consider, according to the lines of its reports, to be a country where the absurdities and the splash of horizons rise in the context of its slogan of demolition and smashing the gains of the dedication of many patriots over decades to achieve them.
Thus Greg's homeland is being drawn into a vast abyss of backwardness, poverty and marginalization while suffering the episodes of silent tragedy. Several facts indicate that in light of this bitter reality, which has been proven absurd, through what the Bardo Council knew two days ago, that Tunisia is living in the current circumstance, one of its deepest crises, which are moving in a consistent manner, to a certain death in the context of ending all economic and social balances, but their hand will eventually be in their direction.
In this context and without going into more details, many official data show that the lending authorities are about to raise their hand on Tunisia after it pumped tens of thousands of billions into the 2011 system and enabled it to artificially breathe for years throughout as a "democratic" transition model that should not fail Salim El-Ezaby, Minister of Development, Investment, and International Cooperation, announced on July 13 that negotiations are underway with four countries to postpone the payment of debt installments to their interest. Although the Minister did not give any details regarding the value of the installments that are required to defer their payment, the state budget document for the year 2020 indicates that Tunisia will pay this year 6617 million dinars in installments of external debt, originally and interest.
El-Ezaby's statement implicitly indicates that Tunisia knows major difficulties in mobilizing any financial resources that enable it to fulfill its obligations in a way that means that the country is steadily "progressing" towards the stage of severe financial failure, if it has not reached it like many other countries that are described as "failed". .
This evaluation largely confirms what was stated in the same direction by Mohamed Nizar, the Minister of Finance, regarding the negotiations of the Tunisian authorities with the International Monetary Fund to obtain a new credit loan after cutting off the previous loan, but the Fund expresses reservations if they are not impediments considering the absence of serious parties According to the evaluation of his experts, it included disposing of the loan to carry out structural reforms, as well as highlighting them on several occasions, that the coordination of sovereign financial assessments for Tunisia is witnessing a sharp decline.
This maneuver is certainly the last breath before falling into debt-rescheduling and reintegration with all the bloody cost of the matter. He also highlighted that despite the increasing need for external financing ($ 5.4 billion for 2020), Tunisia will not go out to indebted the international financial market, due, of course, undoubtedly due to the deterioration of its classification and the absence of any prospects for improving its public financial position, according to most reports of international numbering agencies.
It is mentioned that, according to the latest report issued by the Ministry of Finance regarding the implementation of the state budget last April, the budget deficit jumped by 88%, compared to April of the year 2019 to reach 2.7 billion dinars.
The country's revenues during the month of April, according to the Ministry of Finance, decreased by 10% compared to April of 2019, to reach 9.5 billion dinars. Core expenditures increased by 20% to reach 8.5 billion dinars.
And to confirm this grim situation for which the “politicians” of mediocrity and disappointment do not count for any account, several creditor financial bodies have not made pledges that they have made to Tunisia, as they abandoned these pledges, which are vital to confront the country's budget deficit, which means -6% of the output in principle, each Mainly from the African Bank for Export and Import (800 million dollars), the European Bank for Reconstruction and Development (150 million euros) and the Islamic Development Bank (500 million dollars)
Several international agencies have also highlighted the sovereign credit rating, such as Moody's, Fitch Rating and International Capital Intelligence, which specialize in this field. In the recent period, there are several reasons that affect the prospects for the credit rating of the national economy and the Tunisian financial institutions in The level of “b-b” in general, with unstable prospects, is mainly based on the exacerbation of public debt in a manner that is not commensurate with the creation of economic added value, the collapse of growth, and the significant increase in the rate of monetary inflation, according to what the country is witnessing, especially industrial desertification, stagnation and unemployment as well as severity The impact of the informal economy, the weight of unrecovered bank debt (12.7%) and tight liquidity in the money market.
