President Kais Saied is banking on raising Tunisians' standard of living through subsidies and the establishment of small businesses to tackle the recession

Tunisia's latest measures to solve its financial crisis

photo_camera PHOTO/FILE - Kais Saied

Tunisia is in the midst of one of the worst crises in decades. The nation has been experiencing a period of chaos and economic hardship in recent years and is trying to reform its entire economic system in order to put an end to problems such as unemployment, youth unemployment, inflation and the poor quality of life of Tunisians. Kais Saied, the country's president, has announced a series of reforms aimed at establishing the stability Tunisia needs to fix its difficult economic situation.

The president is committed to raising the standard of living of Tunisians. Vulnerable groups have struggled to access basic services in recent years, and the country wants to reform various industries. This will be done through subsidies and the establishment of small businesses that are more available to them and will enable them to improve their economic situation. 

In recent years, Tunisians have had great difficulty accessing healthcare, education and transport. The deterioration of these services has made access to them more difficult in some impoverished regions than in others, and Saied wants to put an end to this problem so that all people are equal. It is worth noting that a survey conducted in the country on all types of inequality revealed that 63% of citizens think that social disparity has increased. 

PHOTO/REUTERS - Ciudadanos tunecinos

In Tunisia, official figures indicate that one third of the population is poor, which means that more than four million Tunisians are already living in poverty or are at risk of poverty. In 2022, unemployment figures stood at 16.1%.

It is also mentioned that all these drawbacks following political tensions, corruption and lack of good decision-making are key to understanding the current situation. In addition to access to basic services, there is a high rate of unemployment, especially among young people, and poverty is already almost a majority, which is why Saied's solutions could be decisive in boosting Tunisia's economic momentum. 

International observers argue that the country has the potential to impose strategic choices to end its economic recession. To implement equitable development and social justice for Tunisians, the government needs to start promoting investment and the search for new employment opportunities. 

For its part, civil society is expected to welcome the implementation of these reforms. According to the country's politicians, they support the president's solutions, but demand that living conditions be improved now.

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Tunisia must and has to create wealth to improve the situation of its citizens and their living conditions. "The marginalised groups constitute almost two thirds of Tunisians, who are capable of shaping the political landscape in the country in the coming months and years, either by voting or by switching to the other side of the street, and if the government and the president want to stay in power, they should only change the reality of these groups for the better or at least reassure them by providing signs of change, which we hope will be very soon, especially as the time factor is plaguing the government and the president," activist Hatem al-Meliki told Al-Arab newspaper.

He says Tunisians' lives will not change until enabling laws are enacted and smuggling, money laundering and corruption are stopped. These have to be changed by reforming the tax system, encouraging investment and improving infrastructure, which will directly lead to job creation.  

Economic experts say that Kais Saied must start listening to his citizens. If he does not do so, no social policy can be put in place that will eliminate social discontent and boost development.

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