The approval by the Tunisian Parliament of the bills for closing the state budgets for the years 2017, 2018, 2019, and 2020, during a session held at Bardo Palace, represents an important stride in handling administrative delays and improving transparency in fiscal management. The session emphasised the concerns of deputies concerning the adverse impacts of delayed budget closures on Tunisia’s international reputation, its relationships with donors, and foreign investment prospects. Such holds can signal governance issues or fiscal instability, potentially deterring investment and affecting international relations.
Finance Minister Sihem Boughdiri’s admission of the previous council’s failure to convene required sessions for budget discussion highlights the challenges in bureaucratic processes and the significance of timely financial oversight. Her assurance that the current council has reached compliance certification for the 2021 budget from the Court of Auditors is a positive development, indicating progress towards rectifying past oversights.
Boughdiri’s assertion that the approval of budget closures does not exempt budget managers from accountability, nor does it preclude legal actions for fiscal mismanagement, highlights the government’s commitment to transparency and accountability. This stance is critical for rebuilding trust among citizens and international stakeholders, ensuring that any financial irregularities are addressed appropriately.
The ongoing efforts to expedite the closure of budgets for subsequent years (2021, 2022, 2023) and the preparation of necessary legislation embody a proactive approach to fiscal management. This, coupled with the reform of customs legislation aimed at modernizing the exchange code, suggests a broader strategy to enhance the efficiency of Tunisia’s financial and investment climate. Such reforms are vital for facilitating business operations, drawing both Tunisian and foreign investors, and ultimately contributing to the country’s economic stability and growth.