Tunisian Minister of Finance, Siham Al-Boughdiri, pointed out that “it was not easy to implement the Finance Law for the year 2023, as its formulation was accompanied by several difficulties, in light of the difficult economic conditions the country is going through,” noting that “the 2023 budget was prepared on the basis of four hypotheses, which are the percentage Growth at current prices is within the limits of 1.8 percent, and the average price of a barrel of oil is within the limits of $89 per barrel. While the third hypothesis is to start activating several economic, fiscal and financial reforms, to limit the slippage of public finances, while the fourth hypothesis is to sign an agreement with the International Monetary Fund.
She pointed out that "the hypotheses that were adopted in the formulation of the Finance Law fall within the category of expectations, as any financial law is drawn up based on assumptions and expectations, and then the balances are made through amending financial laws."
The Tunisian government estimated the 2023 budget at 69.6 billion dinars ($22.4 billion), marking an increase of 14.5 percent compared to the 2022 budget. The budget law for next year, which was sealed by President Kais Saied, was published in the Official Gazette.
According to the budget law, the government plans to mobilize external resources worth 14.8 billion dinars ($4.7 billion), in return for internal loans worth 9.5 billion dinars ($3 billion). Likewise, the government estimated the collection revenues that will be mobilized from taxes at about 40.5 billion dinars ($13 billion), an increase of 12.5 percent over the revenues mobilized this year.
Source (Anadolu Agency, edited)
