The Commission of Finance and Budget of Tunisia's Assembly of People's Representatives (ARP) started examining the main orientations of the 2027 state budget and the execution level of the 2026 state budget up to June. This process is crucial for the country's financial planning. The commission's president, Maher Ketari, provided insights into the budget examination process.
The 2027 state budget is being developed alongside the 2026-2030 five-year development plan, which targets a 4% growth rate. Achieving this goal depends on revitalizing the industry sector, which has seen a decline in its contribution to the Gross Domestic Product (GDP) from 26% in the early 2000s to 15% currently. The industry sector is considered the backbone of the economy.
The value of the Tunisian dinar has depreciated significantly since 2011 against other currencies. Restoring the dinar's value is a priority. The commission is also scrutinizing the execution of the 2026 budget, particularly the first half of the year. Detailed information on financial facilities granted by the Central Bank to the Public Treasury is being sought.
The Central Bank granted 11 billion dinars in facilities to the Public Treasury. The commission wants more information on the allocation of these funds and their impact on public finances. Additionally, the commission is seeking details on state guarantees for public enterprises' loans and the effects of rising oil prices on the budget.
The commission has invited the Minister of Finance to participate in the meetings and provide her remarks on the budget documents. The minister's input is expected to facilitate a comprehensive debate on the finance bill. The commission's examination of the budget documents is a critical step in the country's financial planning process.
One of the key considerations in the budget examination is the potential increase in fuel prices. Not anticipating an increase in gasoline prices aims to preserve citizens' purchasing power. The commission's decisions will have a significant impact on the country's economic trajectory.
The ARP's Commission of Finance and Budget is playing a crucial role in shaping Tunisia's economic future. The examination of the 2027 state budget and the 2026 budget execution is ongoing. The commission's recommendations will inform the country's financial policies.
Key points
- The ARP's Commission of Finance and Budget is examining the 2027 state budget and 2026 budget execution to ensure alignment with the country's economic goals.
- The 2027 state budget is being developed alongside the 2026-2030 five-year development plan, targeting a 4% growth rate.
- The commission is seeking detailed information on financial facilities granted by the Central Bank to the Public Treasury.
