Tunisia: tax revenue hits 7.3 billion dinars at end of March, up 22%

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    The examination of the provisional results of the execution of the state budget in the first quarter of the current year shows a budget deficit of 912 million dinars, against a deficit of 948 million during the same period of the previous year.

    Compared to the results recorded at the end of March 2018, the State’s own revenues rose by 17.1% (+1.17 billion dinars) to 8 billion dinars while the resources of borrowing and cash increased by 15.4% (+340 million dinars) to 2.55 billion dinars.

    As for management expenses, they posted growth of 17.6% (+915 million dinars) to 5.4 billion dinars at the end of last March.

    In detail, the tax revenues of the state stood at 7.3 billion dinars in the first quarter, against 6 billion a year earlier, i.e. a growth of 22%. In contrast, non-tax revenue is down 16% to 751.7 million dinars.

    The total expenditure at the end of the first three months of the year amounted to 10.6 billion dinars, against 9.1 billion a year earlier.

    This growth is mainly attributable to the 13.8% increase in non-core debt expenses to 8.9 billion dinars, including 5.4 billion in management expenses and 1.1 billion in interest on debt.

    As for the repayment of the principal debt, it rose from 1.26 billion dinars at the end of March 2018 to 1.7 billion as of March 31.

    Moreover, the budget deficit (-912.1 million dinars) was covered by 785.9 million dinars by domestic financing, 65.3 million by external financing and 60.9 million dinars by donations.

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