The execution of the state budget at the end of the first nine months of the year 2022, reveals an improvement in tax revenues by 17.1% to 25.9 billion dinars, a rate of achievement of 73.9% of the annual target set in the Finance Act 2022. As for non-tax revenues, they have risen at a slow pace of 6.75% to 1.4 billion dinars.
Tax revenues were boosted by indirect taxes, up 20.5% to 15.7 billion dinars, and by direct taxes of 12.2% to 10.2 billion dinars.
Regarding direct taxes, taxes on income increased by 7.4% to 7.57 billion dinars, while taxes on wages and salaries went up 9.9% to 5.27 billion dinars.
As for taxes on companies, they grew 28.3% to 2.68 billion dinars, including 2 billion dinars on non-oil companies (+19.8%) and 615.8 million dinars on oil companies (+68.4%).
Regarding non-tax revenues, they come mainly from the income of state holdings in public institutions and companies for 509 million dinars, and gas pipeline fees for 334.6 million dinars.
Therefore, the total budgetary resources of the State at the end of September 2022 is 28.25 billion dinars, up 20.3% compared to the same period last year and representing a rate of achievement of 73% of the annual target set in the Finance Act 2022.