HPR starts budget review of Ministry of Development, Investment and International Cooperation | Tunisia News Gazette

HPR starts budget review of Ministry of Development, Investment and International Cooperation

The House of People’s Representatives (HPR) started during a plenary session, held Monday, the review of the Ministry of Development, Investment and International Cooperation’s budget for 2018.

The budget of the ministry for the year 2018 is estimated at 569 million dinars (MD), an increase of 6.4% compared to 2017. This budget is divided between the development expenditure (500 MD) and the management expenditure (69 MD).

The strategy of the Ministry of Development, Investment and International Cooperation is essentially based on the acceleration of the pace of growth, the revitalisation, diversification and development of the national and regional economy.

The aim is also to further improve the business climate and competitiveness, reduce regional disparities and best control the exploitation of energy and wealth available in the regions.

The Development Department works to strengthen statistical production, to continue the development of the statistical system and the supervision of poor categories as well as to strengthen human development.

The Ministry also seeks to diversify the funding sources to rationalise external debts, consolidate investment and encourage business start-ups, through the implementation of the law on investment, the establishment of the Higher Investment Council, the Tunisian Investment Authority and the Tunisian Investment Fund.

Source: TAP News Agency

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