"The figures put forward by the European Union are ridiculous and show that it has not understood the scale of the historical events in the southern Mediterranean," Industry Minister Mohamed Afif Chelbi told a conference in Rome.
The EU's foreign policy chief, Catherine Ashton, said on a visit to Tunisia this week that the EU would disburse 258 million euros ($350 million) in aid to the country by 2013 and immediately unblock 17 million euros.
'Millions or billions?'
"When Ashton said 17 million, our minister thought he had misunderstood and asked: 'Millions or billions?' Once again, the European Union has not been up to the task of dealing with the region."
Chelbi was in Rome to reassure Italian businessmen that their investments in Tunisia were safe after the wave of protests which brought down President Zine al-Abidine Ben Ali last month.
He said his country's economy had continued to function despite the protests, with exports in January totalling around 800 million euros, broadly steady from January 2010.
Italian Foreign Minister Franco Frattini, who is worried about the tide of illegal immigrants who have been landing on Italy's southern shores in recent weeks, also said the EU should do more to help Tunisia.
Ashton said in an article published in the Financial Times on Tuesday that she was seeking at least 2.5 billion euros of extra funding to help support reforms in Tunisia, Egypt and other North African countries. She said she was in discussions with the European Investment Bank, the EU's financing arm, to mobilise one billion euros for Tunisia this year.
(EurActiv with Reuters.)