According to the preliminary results of the execution of the State budget to the end of September 2024, published by the Ministry of Finance, the budget deficit for the first nine months of the year was 994 million dinars, compared to 1,424 million dinars a year earlier.
Despite this significant improvement of 30% in the deficit at the end of September, the 2024 Finance Bill forecasts a budget deficit of 11,515 million dinars at the end of the current year, compared with 11,326 million dinars in 2023.
The implementation of the state budget at the end of the first nine months of 2024, i.e. after three quarters of the year, shows an increase in tax revenues by 9.5% to 31 billion dinars.
This revenue is made up of direct taxes of 13,359 million dinars (+11.4%) and indirect taxes of 17,721 million dinars (+8.2%).
The bulk of direct taxes came from personal income tax, which amounted to 9,257 million dinars (+8.4%), of which 6,430 million dinars were collected from salaries (+7.5%).
The remaining 4,102 million dinars came from corporate income tax (+18.6%), of which 3,170 million dinars (+15.2%) from non-oil companies and 931.7 million dinars (+31.7%) from oil companies.
Indirect taxes came mainly from VAT (8,194 million dinars, +6.5%), excise duties (2,964 million dinars, +6.5%) and customs duties (1,461 million dinars, +9%).
At the end of September, general government expenditure amounted to 34,203 million dinars, an increase of 7.2% compared to the first nine months of 2002.
This expenditure concerned:
– The payment of civil servants’ salaries for 16,592 million dinars (+3%), representing more than 48% of total government expenditure,
– Intervention expenditure for 8,329 million dinars (+12.6%),
– Interest on debt for 4,873 million dinars (+20%),
– Capital expenditure of 3,010 million dinars (-2.4%),
– Administrative expenditure of 1,368 million dinars (+11.8%).
