27.9 C
Tunisia
Thursday 23 September 2021
HomeNewsTunisia: State's own resources are still below expectations

Tunisia: State’s own resources are still below expectations

In its latest economic update of the last months of 2016, the Central Bank of Tunisia (BCT) noted that the state’s own resources have increased during the first ten months of 2016 (+3.6 % Compared to + 1.6%), while remaining below the rate of increase provided for in the Finance Act 2016, i.e. 12.4% for the whole year.

This development stems from an exceptional increase in non-tax revenue (transfer of the 4G license for an amount of 471 MTD). On the other hand, tax revenues have virtually stagnated (0.1% compared to the rate of 11.4% provided for in the Finance Act 2016).

This is mainly due to the poor performance of corporate taxes (notably oil companies). The

financing of the deficit during the first ten months of 2016 was made by a more intensive use of domestic financing compared to that provided for in the Finance Act 2016.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

MOST POPULAR

HOT NEWS