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HomeNewsTunisia: debt ratio reduced to 51.9% (FinMin)

Tunisia: debt ratio reduced to 51.9% (FinMin)

At a press briefing held Thursday, July 30, Finance Minister Slim Chaker said the supplementary budget bill passed Wednesday, July 29, includes several measures of economic and social order, deemed exceptional to overcome the crisis that is shaking Tunisia.

The government has revised down state expenses which were cut from 29 billion dinars to 27.9 billion dinars, i.e. down 1.1 billion dinars … This has also reduced the budget deficit to reach 4.8% against 4.9%.

In the same context, he assured that the various measures taken have reduced the debt ratio which stands at 51.9% against 52.9% currently.

Moreover, the draft supplementary budget law for the fiscal year 2015 foresees a reduction of 1.906 billion dinars in terms of debt to 45.4 billion dinars against 47.306 billion dinars mentioned in the Finance Act for 2015.

The minister, who introduced the LFC, has also indicated that despite this decline, the state lost 443 million dinars in tax and non-tax revenue.

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