The Ministry of Economy, Finance and Investment Support in Tunisia revealed that the budget deficit decreased by 57.7 percent at the end of May 2021, as the budget deficit reached 1.42 billion dinars ($513.3 million), compared to 3.36 billion dinars ($1.21 billion) at the end of May 2020.
The decline in the deficit is due to the improvement of state budget revenues by 12.9 billion dinars ($4.68 billion), or 13.6 percent, compared to a 3 percent drop in expenditures at the end of May 2021.
According to the ministry, the improvement recorded in the level of budget revenues is mainly due to the increase in tax revenues by 18.3 percent (12.01 billion dinars, or 4.33 billion dollars). It also revealed a 3% decrease in expenditures (14.3 billion dinars, equivalent to 5.18 billion dollars), as a result of a decrease in (management) expenses by 5.7%, and intervention expenses by 10.3%, compared to an increase in rental expenses by 6.4% (8.49 billion dinars, or $3.06 billion).
The volume of internal borrowing amounted to 3.85 billion dinars ($1.39 billion) at the end of May 2021, compared to 2.53 billion dinars ($914.1 million) in May 2020. While the foreign borrowing decreased from 2.37 billion dinars ($857.7 million) at the end of May 2020, to 2.04 1 billion dinars ($738.0 million) in May 2021.
Source (Anadolu Agency, Edited)
