Deficit is shrinking almost half due to higher tax revenues

The general government deficit fell by almost half in the first six months of 2018 to 1700 million dinars (MD), compared with 3000 million dinars in June 2017, thanks to the increase in the volume of tax revenues, in particular indirect taxes. For example, taxes and taxes, as laid down in the Finance Act 2018, that have taxed the citizen's wallet, have contributed to reducing the budget deficit.

According to the document "Interim results of the implementation of the state budget at the end of June 2018" published by the Ministry of Finance, this monitoring of the deficit on the official website was promoted by the improvement of the income level. (12.2 billion dinar in the first half of 2018, compared with 10.5 billion dinar in June 2017), mainly due to the increase in indirect taxes (7.4 billion dinars in June 2018, compared to 6 billion dinars in 2017) .

In fact, the department reveals an improvement in VAT-reduced revenues (from 2.8 billion dinar to 3.4 billion dinars in the period June 2017-June 2018), by consumer rights (1, 1 billion dinar, 1.3 billion dinar) and other taxes (1.7 billion dinar, 2.1 billion dinar).

The ministry also reported an increase in non-tax revenues (1.4 billion dinars compared to 0.7 billion dinar), thanks to the reduced revenues as part of the income from participating interests and public companies (505.5 MD in June 2018, compared with 18, 6 MD in June 2017), the improvement of royalties for gas pipelines transporting Algerian gas to Italy via Tunisia (187.2 MD against 141, 8 MD), increased income from marketing for fuel (277 MD versus 199 MD), and increases in other non-tax revenues (419 MD versus 257 MD).

Faced with this revenue improvement, the use of funding sources declined significantly during this period, from 4.8 billion dinars in June 2017 to 3.6 billion dinars in June 2018, and especially external loans (2 billion dinars in the first half of the current year). against 3 billion dinar in the same period last year).

The budget deficit is also attributed to the increase in expenditure excluding the principal of the debt (15.3 billion dinar in June 2018, compared to 14.3 billion dinar in June 2017), mainly due to the rise in interest rate debt (1.6 billion dinars against 1.2 billion dinars in the period June 2017-June 2018) and the increase in the volume of loans (0.8 billion dinars against 0.4 billion dinars).

Similarly, in the first half of 2017, the financial department reported an increase in development expenditures to 2.8 billion dinars against 2.5 billion dinars.

As far as management costs are concerned, they almost stagnated at the level of 10 billion dinars in the period June 2017 – June 2018.

It should be noted that the outstanding foreign debt of Tunisia (2, 2 billion dinar) consists of 47% in euro, 28.1% in dollar, 11.3% in yen and 13, 7% in other currencies & # 39; s.

As a reminder, the fiscal law of 2018 predicted a deficit of the order of 5216 MD (4.9% of GDP) for the current year, while the deficit for 2017 was set at 5977 MD (Additional Finance Act 2017).

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