Overall state’s revenues increased by 24% to 29.2 billion dinars at the end of August 2019, including 21 billion dinars of own revenue and 8.1 billion dinars of borrowing and cash resources.
According to the “provisional results of the execution of the State budget,” published by the Ministry of Finance, the own revenues increased by 17%, due to the increase in tax revenues by 15.8%, to 18.6 billion dinars, and non-tax revenues by 26.5%, to 2.4 billion dinars.
The rise in tax revenues is the result of a 33.4% increase in direct taxes, more specifically income taxes (+34%, to 5.8 billion dinars), generated mainly by payroll taxes (+42.6%), and corporate taxes (+31%). Indirect taxes grew 5% to 10.4 billion dinars.
With regard to the increase in non-tax revenues, data from the Ministry of Finance show an increase in the participation income of public enterprises (+35%), fuel marketing (+31%), and other non-tax revenues (+46%).
On the other hand, the royalty on the gas pipeline transporting Algerian gas to Italy, via Tunisia, fell by 36.9% to 207 million dinars.
Borrowing and cash resources (8.1 billion dinars), which have increased by 47% since August 2018, will be generated almost entirely by borrowing resources (96%).
Domestic borrowing resources increased by 37% to 2.3 billion dinars, while external borrowing resources went up by 74% to 5.5 billion dinars, of which 4.8 billion dinars were allocated to financing the state budget.
External loans allocated to finance state projects stand at 0.6 billion dinars.