The Tunisian Minister of Economy and Planning, Samir Saied, said on Monday, December 26, 2022, in a press conference at the City of Culture, that the inflation rate in Tunisia is expected to hit 10.5% in 2023 against 8.3% in 2022

"2023 will be difficult for Tunisians," the Minister said. This "high" inflation rate is driven by the war in Ukraine which resulted in higher imports of commodities (+2 billion dinars) and oil products (8 billion dinars).

''Tunisia is one of the countries that saw the war take its toll on its fiscal balances,'' the Minister said at the press conference held to outline the measures provided for the finance law. The press conference was held in the presence of 11 ministers.

The rising inflation rate is fueled by a higher key interest rate set by the Central Bank of Tunisia (BCT in french), he added. "This has greatly impacted the performance of enterprises," he said. A series of measures will be taken next year to help businesses overcome financial difficulties.

The growth rate, expected to stand at 1.8% in 2023, is "modest" and reflects the country's "difficult" economic situation, the Minister highlighted.

A set of measures meant to boost the business environment and put public projects back on track will be taken in 2023. He spoke, in this vein, about the acceleration of phosphate transport and support for public-private partnership.