Tunisia finance ministry to implement 60 financial, fiscal and social measures

Tunisia finance ministry to implement 60 financial, fiscal and social measures

Tunis (UNA-OIC) – The Tunisian Finance Ministry has put in place 60 financial, fiscal, and social measures that will be implemented within a period of no more than 9 months.

In a statement published on Saturday on its Facebook page, the finance department said some of these measures require legislative frameworks for their implementation.

These measures are divided into 8 essential chapters, relating to the stimulation of investment, the improvement of the business climate, support for start-ups and innovative projects, in addition to strengthening the social aspect.

These measures also aim at fighting poverty, modernizing tax administration, digitizing procedures, rationalizing cash financial transactions, integrating parallel activity into the economic circuit, in addition to the fight against tax evasion, modernizing customs, and strengthening control.

These measures will be the subject of law or will be integrated into the 2020 Finance draft law.

A team in charge of monitoring the application of these measures has been set up under the chairmanship of the minister of finance to ensure follow-up and coordination with the teams and stakeholders.

Besides, periodic reports on the progress of the implementation of these measures will be prepared.

The ministry stressed that the development model will reflect “the social dimension of the various economic measures taken, particularly those related to job preservation, and the allocation of the necessary funds for the benefit of people with special needs and vulnerable fringes”.

The department also pledged, according to the same document, to contribute effectively to finalize the signing of 30 sectoral charters and to put in place a new mechanism to accelerate the recovery of the State’s arrears vis-à-vis the private sector.

It also pledged to implement the Fund of Funds, which will be used to finance innovative companies, through an initial subscription of 240 million dinars (MD).

This amount will facilitate the launching of projects in innovative fields. The ministry of finance is also working to monitor the economic situation and the evolution of the financial situation, given the repercussions of the COVID-19 crisis in the private sector and public finances.

It will work to implement measures to boost public-private partnership and regional development projects, in addition to strengthening the solidity of public enterprises and supporting strategic sectors. The ministry has indicated that it will continue to draw up a structural plan based on private initiative, the development of the human factor, the use of skills, and the encouragement of innovation.


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