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Tunisia: State increases own revenue by 17% at end August to 21 billion dinars

The examination of the provisional results of the execution of the state budget at the end of August 2019 shows a budget deficit of 3.26 billion dinars, against a deficit of 2.6 billion at the same date of the previous year.

Compared to the results recorded at the end of August 2018, the State’s own revenues increased by 17% (+3 billion dinars) to 21 billion dinars.

In detail, the tax revenues of the state stood at 18.6 billion dinars during the first eight months of the year, against 16.1 billion a year earlier, up 15.8%. As for non-tax revenues, they are up 26.5% to 2.4 billion dinars.

Direct taxes amounted to 8.2 billion dinars, compared with 6.1 billion at the end of August 2018, i.e. an increase of 33.4%.

This amount comes mainly from income taxes of 5.8 billion dinars (+ 34.4%) and corporate taxes of 2.37 billion dinars (+ 31.1%), including 698.2 million dinars (+ 31.1%). of tax dinars on oil companies.

As for indirect taxes, they posted a rise of 4.9% to 10.4 billion dinars. They come mainly from the VAT for 5 billion dinars (+ 8.7%), consumption rights for 1.8 billion (-0.8%) and customs duties for 836.9 million dinars ( 10.9%).

In addition, the total expenditure at the end of August amounts to 29.17 billion dinars, against 23.5

billion a year earlier, an increase of 24%.

This growth is mainly the result of the 16% increase in non-principal debt expenditures reaching 23.96 billion dinars, including 15.7 billion in management expenses (+ 20.4%) and 2.35 billion in debt interest (+ 13.5%).

The principal repayment of the debt went from 2.9 billion dinars at the end of August 2018 to 5.2 billion dinars on August 31st.

In the first nine months of the current year, the payroll of civil servants reached 11.2 billion dinars (+ 12.8%) representing 71% of the total management expenditure of the State.

As for capital expenditure (development), they amounted to 3.7 billion dinars (+ 1.6%) of which 1.58 billion direct investments.

At the end of July, outstanding public debt reached 81.5 billion dinars, compared to 81.3 billion at the end of 2018, divided between 59.1 billion foreign debt and 22.3 billion of domestic debt.

Moreover, the budget deficit (-3.26 billion dinars) was financed to the tune of 1.67 billion dinars by net domestic financing, 300 million dinars by income from sales of confiscated goods, 1.22 billion dinars with net external financing and 60.1 million with donations.

It should be remembered that the Finance Act for the 2019 financial year is based on a budget deficit of 4.5 billion dinars, representing 3.9% of GDP, compared to a deficit of 5 billion dinars (4.8% of GDP) for 2018.


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