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Tuesday 31 January 2023
HomeNewsTunisia: energy and industry take largest share of government guarantees in 2022

Tunisia: energy and industry take largest share of government guarantees in 2022

The industry and energy sectors monopolized the largest share of state guarantees granted to state enterprises and non-administrative public companies in 2022, with 61.8% of the overall number of guarantees.

This is revealed in a report on transfers and guarantees granted to state enterprises and non-administrative public companies published by the Ministry of Finance.

The state guarantees are provided to these enterprises, under the financing of investment and development projects scheduled in the strategic development plans of the State.

According to report, the Finance Act of 2022 has set at 7 billion dinars the maximum amount granted by the state as a guarantee for loans or funds intended for the issuance of sukuk (bond financing) Islamic.

In this regard, the Tunisian Refining Company has received a guarantee of 245 million dinars to finance its oil imports.

The grain agency received a guarantee of 254 million dinars to cover the import operations.

As for the Tunisian Company of Electricity and Gas (STEG), it has received a guarantee of nearly 393 million dinars and a loan of 312.5 million dinars. The State has also granted a guarantee of 77.4 million dinars to the Office of Commerce of Tunisia.

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