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Tunisia: amending Finance Act for 2022 puts budget deficit at TND 9.8 billion

The Amending Finance Act for the year 2022 was published in the Official Gazette of November 23, 2022. Indeed, the revenues and expenditures of the state budget for the current year are estimated at 41.1 billion dinars and 50.9 billion dinars, respectively.

Initially, the Finance Act had estimated revenues at 38.6 billion dinars and expenditures at 47.2 billion dinars. The Amending Finance Law estimates tax revenues at 36 billion dinars and non-tax revenues at 4 billion dinars, while grants are expected to amount to 1.1 billion dinars.

As a result, the budget deficit should be 9.8 billion dinars at the end of this year, against 9.3 billion dinars provided in the initial Finance Act.

On the other hand, the treasury resources should total 19.7 billion dinars at the end of the current year. These resources are used to finance the deficit of the state budget and cover the expenses of the treasury.

They are distributed as follows:

– Resources of external loans of 11.9 billion dinars

– Resources from domestic borrowing of 9.3 billion dinars

– Treasury resources of -1.5 billion dinars.

The Amending Finance Act for the year 2022 provides for an amount of 5.5 billion dinars for the repayment of the principal of the domestic debt and an amount of 4.3 billion dinars for the repayment of the principal of the external debt.

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