Budget deficit stands at 985.1 MD late February 2018 | Tunisia News Gazette

Budget deficit stands at 985.1 MD late February 2018

The budget deficit amounted to 985.1 million dinars (MD) at the end of February 2018, compared with 1071.1 MD during the same period of the previous year, according to the report on “Provisional Results of the State Budget Implementation, January and February 2018 “, published by the Ministry of Finance.

The Finance Act 2018, provides a deficit of about 5,216 MD, for the whole year, i.e. the equivalent to 4.9% of Gross Domestic Product (GDP).

According to the document, the deficit is due to the non-realization of projected non-tax revenues, given the revenues collected during the first two months of 2018 (205.6 MD) do not even represent half of the revenues expected for this period ( 488 MD), since the expected revenues for the whole year amount to 2. 931 MD.

Similarly, while the Finance Act 2018 expected the realization of revenues from the marketing of fuels of about 401 MD, at the end of December, no millime was recorded for this heading during the first two months of 2018.

Besides, the budgets that have been set aside for the repayment of interest of debt, domestic debt and external debt, until the end of February, which far exceed the forecasts of the 2018 budget law. This is most likely the result of the depreciation of the dinar against foreign currencies (dollars and euros).

According to the Finance Ministry, this deficit has been filled, until then, with net domestic financing by 948.3 MD.

Source: TAP News Agency

– Les opérations d’African Palm Corp. constitueront un investissement considérable dans les économies locales et
كليرمون – فيران، فرنسا، 19 أبريل 2018 /PRNewswire/ — اعتمدت ورشة العمل الدولية الثانية لمرض
لندن، 19 أبريل / نيسان، 2018 /PRNewswire/ — تصميم ممتاز وأحدث الابتكارات التقنية: يعلن مطار
كرانز – مونتانا، سويسرا، 19 أبريل / نيسان، 2018 /PRNewswire/ — منتجع جديد يستهدف نقل