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Tunisia: tax burden at around 21%

Fiscal resources would increase by 604 million dinars, at the end of December 2012, according to latest forecasts of the 2013 Finance Act.

Own resources of the state budget are also expected to grow from 96 million dinars, compared to the results predicted in the draft complementary finance law of 2012.

All of these estimates are published in a paper presented Saturday by the National Constituent Assembly (ANC) Committee on Finance, Planning and Development.

The document also predicts further stabilization of the rate of the tax burden around 21% and a decrease in non-tax revenues of around 508 million dinars, reaching 4.57 billion dinars against 5.078 billion dinars.

Additional resources worth 205 million dinars are also expected under privatization.

These amounts come mainly from the sale of the Tunisian-Qatari Bank “BTQ” (100 million dinars) and the award of a fixed landline telecommunications license to telephone operator “Tunisiana.”

Additional loan resources of about 54 million would also be mobilized to finance the expected budget deficit through increasing use of domestic borrowing.

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