https://www.polity.org.za
Deepening Democracy through Access to Information
Home / News / African News RSS ← Back
Cutting|Engineering|SECURITY|Technology
Cutting|Engineering|SECURITY|Technology
cutting|engineering|security|technology
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Article Enquiry

Tunisian parliament approves budget without new taxes

Close

Embed Video

Tunisian parliament approves budget without new taxes

Tunisian parliament approves budget without new taxes
Photo by Reuters

11th December 2018

By: Reuters

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

Tunisia's parliament on Monday approved a 2019 budget imposing no new taxes on individuals and easing the burden on some sectors after years of tax hikes that have stoked public anger and at times violent protests.

The budget, adopted by 113 votes out of 217, projected a fall in the deficit falling to 3.9 percent of gross domestic product in 2019, from about 5 percent expected this year.

Advertisement

Prime Minister Youssef Chahed said earlier this year that 2018 would be the last difficult year for Tunisians, but his government remains under pressure from the International Monetary Fund to trim the budget deficit by cutting subsidies and reforming the bloated public sector.

Next year budget expects Tunisia’s economy growing in 2019 by 3.1 percent, up from an estimated 2.6 percent this year.

Advertisement

The government will halve tax for companies operating in sectors including technology, textiles, engineering and pharmaceuticals to 13.5 percent under next year's budget.

The 2018 budget raised taxes on cars, alcohol, telephone calls, the internet, hotel accommodation and other items in an effort to help balance the books.

Taxes on bank profits were raised to 40 percent from 35 percent. The government also raised this year by 1 percentage point the value-added tax and imposed a new 1 percent social security tax on employees and companies.

EMAIL THIS ARTICLE      SAVE THIS ARTICLE

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now