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AlwaysFree: Tunisia Eyes 1.8% Growth Under 2023 Budget Report

Author: SSESSMENTS

  • The achievement of that rate also requires a periodic monitoring of the evolution of economic and social indicators in order to identify timely corrective measures

According to Zawya article published on December 24, 2022, Tunisia plans to achieve a growth rate of 1.8% in 2023, according to the report on the state budget 2023 published by the Ministry of Economy and Planning Friday.

The achievement of this rate remains dependent on the removal of obstacles facing economic activity and is based on prudent and realistic assumptions that take into account the domestic situation and the increase in implicit risks at the international level, it was explained.

It also hinges on the concretisation of sectoral reforms to improve the business climate and the mobilisation of human, technical and financial capacity to accelerate the implementation of work programmes and government measures for 2023.

The achievement of that rate also requires a periodic monitoring of the evolution of economic and social indicators in order to identify timely corrective measures, according to the same source.

The removal of obstacles will restore the regularity of production and export of phosphates, improve the competitiveness of the industrial sector, put into operation the rapid rail network and increase the efficiency of logistics services in the ports. This is besides improving air transport services, developing the tourism sector, strengthening the role of the information and communication technology and support for innovation and creation.

It will also allow to reform the regulatory structures, to integrate the parallel sector, to fight against smuggling, to improve the judicial system, to accelerate the pace of the modernisation of legislation, to identify a strategy of economic diplomacy and to activate the role of the Tunisian representations abroad.

It will also support the orientation towards Africa, strengthen integration with neighboring countries, accelerate the implementation of public projects and boost public investment, reported the same document.

It added that the removal of obstacles will improve the yield and production of the agricultural and fisheries sector, mobilise the necessary funding for public projects whose profitability exceeds the cost of credit and finalize the reform of the legislative and incentive system for investment.

It will also promote the modernisation of the investor support system, increase the pace of investment in renewable energy projects, digitisation of procedures for investors and identification of solutions for land difficulties related to investment and accelerate the revision of urban plans, according to the report.

The tax system will act in harmony with national priorities through the adoption of the Public / Private Partnership (PPP), the restructuring of enterprises, the realization of economic recovery, the encouragement of investment and export, support for research, development and innovation and employment of skills, according to the same source.

Tags: Africa,All Products,AlwaysFree,English,Middle East

Published on December 26, 2022 2:35 PM (GMT+8)
Last Updated on December 26, 2022 2:35 PM (GMT+8)