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Preparation of State budget will now be subject to new approach and new deadlines.

25/03/2019 18:20, TUNIS/Tunisia

(TAP) -The preparation of the draft State Finance and Budget Act will now follow a new approach that is divided into 15 steps. The first stage will be carried out by the Ministry of Development, Investment and International Cooperation through the preparation of the medium-term macroeconomic framework at the beginning of March each year. It will be followed by the medium-term budgetary framework, which will be implemented by the Ministry of Finance by mid-March at the latest.

This new approach was adopted by virtue of an order of the Minister of Finance published in the JORT on March 22, 2019, setting out the timetable for the implementation of the two projects in question. This decree is a concrete implementation of the principles of the Organic Budget Law recently adopted by the House of People's Representatives (HPR).

According to the timetable set, the Finance Law must be adopted by the Cabinet meeting by September 30 each year at the latest, before being transmitted to the HPR by 15 October at the latest, in accordance with constitutional deadlines.

According to this timetable, the various structures involved in the preparation of the draft Budget (national organisations, civil society, and so on) should send their contributions to the Ministry of Finance by March 31 at the latest. Immediately afterwards, the Prime Ministry publishes the circular on the preparation of the budget.

The new approach also dictates the need to assess the progress of the implementation of the budget for the past financial year and to update the budget for the current year before 15 May. At the same time, the various ministerial departments must discuss the medium-term sectoral expenditure programme before the adoption, in the cabinet meeting, of the Medium-Term Budget Framework.

The Ministry of Finance will then set the ceilings for the allocations of the various ministries (last deadline 31 May). Which departments must also send draft budgets including medium-term expenditure frameworks and annual performance projects to the Department of Finance by June 15.

The discussion of draft ministerial budgets between the Ministry of Finance and the various departments must end on July 20 as the final deadline, before resorting to arbitration by the Prime Ministry, which must decide by July 31 at the latest.

The assumptions and orientations of the State Budget will thus be presented to the HPR within a period not exceeding July 31.

At the same time, there will be the preparation of the documents annexed to the Finance Bill, including the general report of the Finance Bill, the balanced budget table...

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Publication:Agency Tunis Afrique Press
Date:Mar 25, 2019
Words:440
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