While not all post-2011 administrations have been capable to execute the “reforms” demanded by the IMF, Najla Bouden’s government is more resolute than ever to go through with adopting them despite their economic and social prices. Moreover, the governor of the Central Bank of Tunisia (BCT), Marouane Abassi recently maintained that a deal on a series of “reforms” that he described as “realistic and acceptable” could be reached with the IMF. Sihem Boughdiri, the finance minister, likewise confirmed the information.
Referring to a recent government document that Tunisie Numérique was able to consult, we present the major measures intended by the presidency of the government to lift the funding reserve to be granted, possibly, by the IMF. These measures are presented below, literally and in the order, they appeared in the said document, and are included in three main chapters:
Quantified details of the proposed Tax Measures
The proposals concern:
In short, the total economic impact, from this angle, is (-153 MD) in 2022 with a general cost of (+641 MD) and a net annual effect next year of (+488 MD) and ( -143 MD) over the period 2023-2026.
Commodity subsidies: Proposals 2022
In this regard, it is suggested that the control of the distribution channels of basic products will make it feasible to achieve in 2022 a saving for the state budget of 400 MD.
It is likewise expected that the reduction in the number of gasoline vouchers for functional jobs will have an impact of 3 MD.
Public Enterprise Reforms
No costing has been given at this level, with just the highlighting of a few axes of adjustment over the period 2022-2024.
These axes consist of:
Control of public finance balances
The full impact of the adjustments is calculated at 4,977 MD while that of other uncovered budgetary measures to be identified is counted at 3,673 MD.
As a result, the administration forecasts an expansion of growth from 2.8% in 2021 to 2.6% in 2022, to 3% in 2025 (year corresponding to the framework of article IV of the IMF) and to 3% in 2026.
Inflation is likewise expected to stand at 5.7% at the end of 2021, 7% in 2022, 4.9% in 2025 (4% in 2025 within the meaning of Article IV of the IMF) and 4.9% in 2026.
According to government forecasts, the budget deficit will be 8.2% of GDP at the ending of this year, 7.7% of GDP in 2022, 4.4% of GDP in 2025 (2.5% of GDP in 2025 / article IV IMF) and 3.5% in 2026.
The financing needs will evolve to 21,071 MD in 2021, 23,074 MD in 2022, 19,617 MD in 2025 and 18,859 MD in 2026.
We will come back to a thorough analysis of the aforementioned measures as soon as they are confirmed by the Tunisian government.
The Israeli army reported that 12 soldiers were wounded when a swarm of bees attacked…
The Libyan Presidential Council revealed yesterday, Friday, that Libya had joined the State of South…
The Mufti of the Republic, Hisham bin Mahmoud, said that the Eid sacrifice is compulsory…
The most powerful solar storm in more than 20 years has struck Earth’s atmosphere, triggering warnings over…
At least 60 people have died and over 100 have been wounded as a result…
The Secretary General of the General University of Retirees, Abdel Kader Naceri, expressed that “There…
This website uses cookies.