Printer Friendly

Tunisia's '17 budget projects 2.5 pct growth.

TUNIS, Oct 14 (KUNA) -- The Tunisian government on Friday announced its 2017 budget at USD 15 billion, projecting economic growth by 2.5 percent but with a deficit of 5.5 percent coupled with a debt of 62 percent of GDP. The government, in a statement, said next year's budget would enforce equality in the levying of taxes, boosting social justice, investment and development. The government, in its budget, proposed postponement of wage raise for a year providing a three-percent growth in 2017 was achieved. It underlined that prices of basic commodities would not be touched. Spending is projected at USD 2.9 billion compared with USD 2.365 billion this year. Subsidies in next year's budget rose to USD 1.205 billion from USD 981 million in 2016. Government spokesman Ayad Dahmani in a statement said next year's budget would promote social justice, decrease pressure on the general finance of the state, boost investment, operations and dialogue with social partners. The budget, he added, would reconsider income tax in order to ease the burden on low and medium income people. The new budget will be tabled to the parliament next month with estimated approval in December. (end) ksj.bs

All KUNA right are reserved [c] 2016. Provided by SyndiGate Media Inc. ( Syndigate.info ).

COPYRIGHT 2016 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2016 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Kuwait News Agency (KUNA)
Date:Oct 14, 2016
Words:214
Previous Article:Democracy on ballot in Trump-Clinton election - Obama.
Next Article:ISESCO commends UNESCO's Jerusalem resolutions.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters