The State’s total own revenues fell by 10% to 9.5 billion dinars at the end of April 2020, compared to the same period last year, mainly due to a 12% drop in tax revenues (to 8.2 billion dinars), which account for 86% of the total revenues.
Actually, the budget execution document, recently published by the Finance Ministry, showed that the decline in tax revenues is due to the 11% drop in direct taxes (to 3.7 billion dinars), resulting from the 41% fall in revenues from corporation tax (to 829 million dinars – MD).
Likewise, this decline is due to the decrease in indirect taxes by 13%, to 4.5 billion dinars, following the drop in VAT receipts by 15% (to 2.1 billion dinars), other taxes by 14% (to 1.2 billion dinars) and customs duties by 13% (to 363 MD).
