The earthquake that struck on Sept 8 had no impact on the macro-economic assumptions of the draft budget as the government expects to further cut the deficit from 4.5% expected this year to 4%. The draft budget targets a swift earthquake relief response, addressing water supply challenges, implementing social dialogue deal and backing citizen’s purchasing power. It also provides for forging ahead with the generalization of safety nets and the beginning of cash handouts to needy households starting from this year’s end. Direct financial aid to the needy would target 60% of households who do not benefit from social assistance, the statement said. The draft budget also attaches priority to the overhaul of the sectors of health, education and the reform of the judiciary.
Source: The North Africa Journal October 19, 2023 19:23 UTC