Tunisia Turns to Central Bank, Wealth Tax After Snubbing IMF

Tunisia plans to tap the central bank for about $4 billion next year while levying a new wealth tax, as it seeks to tackle rising financing needs after spurning a potential International Monetary Fund bailout.

Under the draft budget, the North African nation’s deficit would climb to 11 billion dinars ($3.8 billion) from 9.8 billion in 2025, according to a copy obtained by Bloomberg. That would be about 6.4% of gross domestic product, going by the IMF’s estimated size of the economy.

Authorities seek to raise about 6.8 billion dinars of foreign borrowing and 19.1 billion from the domestic market ...