Tunisia: budget deficit drops to 912 MD at end of March 2019

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    The budget deficit was reduced to 912 million dinars (MD), against 948 MD at the end of the same period of 2018, according to the document on the result of the execution of the state budget until the end of March 2019,

    This slight improvement is essentially explained by a rise of 17.1% in state’s own resources.

    The tax services of the Tunisian Ministry of Finance have indeed brought 7.324 billion TD in tax revenue and 0.751 billion DT in non-tax revenue.

    Direct tax revenues therefore grew 45.2%, revenue from income tax increased by 48% (Quarterly total of 2.336 billion TD), in connection with the end of the practice of the tax credit.

    Income from corporate tax (corporate income tax, which totaled 1.069 billion dinars in the quarter) brought in over 273 MD, up 44.9%.

    On the indirect taxes side (quarterly total of 3.918 billion dinars), their revenues rose by 7.2% at the end of March 2019, bringing in over 264 MD.

    VAT thus brought in 1,871 million dinars at the end of March 2019, commercial tax 656 MD and customs 298 MD.

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