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Gas-rich Algeria helps out struggling Tunisia

May 5, 2014

TUNIS, Tunisia (AP) — Tunisia’s government, its cash reserves shrinking dangerously low, is cutting salaries for Cabinet members and perks for public servants and is reaching out to gas-rich neighbor Algeria for aid.

According to the official news agency TAP and government officials, Tunisia’s government is reducing Cabinet ministers’ salaries by 10 percent and converting gasoline vouchers for public servants into one-time bonuses.

Tunisian Prime Minister Mehdi Jomaa has sought economic help on recent visits to the United States and France, and visited regional powerhouse Algeria over the weekend. TAP says he reached a deal in Algiers for $250 million in grants and loans.

Its once-booming tourism industry has failed to fully rebound after protests pushed out an autocratic president in 2011, sparking uprisings across the Arab world.

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