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The liquidity of public establishments improved by 1,039.7 million dinars and by 32% during 2022 opposed to 2021 following mostly the relaxation of containment measures applied during the spread of the COVID pandemic and due to the gradual resumption of activity in most public establishments.
These data are disclosed by the report recently published by the Ministry of Finance on public enterprises, which is part of the application of the provisions of Organic Law No. 15 of February 13, 2019, relating to the preparation of the budget, especially its article 46, which provides the list of annexes to the finance bill.
Increase in bank deposits
The liquidity figures also indicate a growth in the monthly average of bank deposits by 465.2 million dinars during the 2020-2022 period.
According to the report, 40 out of the 88 public establishments registered a positive net result in 2021, amounting to 576.9 million dinars. The liquidity of public companies during the 2020-2022 period likewise encountered an appreciation of 977.2 million dinars, equal to an improvement of 29.5%.
The Ministry of Finance’s report on public enterprises examined the financial situation of a sample of 50 public enterprises, concentrating on the financial sector as well as on social funds. Further, it included 40 establishments present in various sectors, considering the importance of their indicators in relation to the total number of other companies.
According to the data provided, the State’s share in the results documented by public companies for the 2021 accounting year amounted to 140.1 million dinars compared to 98.3 million dinars for the accounting year 2020, reflecting an increase of 41.8 million dinars.
Appreciation of distributed results
This development is due to the boost in dividends allocated by the Office of Merchant Marine and Ports of 20 million dinars, the National Oil Distribution Company of 15 million dinars, and the National Agricultural Bank and the Bank of Housing with an estimated value respectively of 7.5 million dinars and 5.5 million dinars.
The Ministry of Finance emphasised that its report on public enterprises seeks to provide an overall vision of the economic and financial situation of these establishments during the period 2020-2022 and of the financial relationship between them and the State.
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