Tunisia: A Growth Rate of 1.8% In 2023

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Tunisia plans to achieve a growth rate of 1.8% in 2023, according to the report on the state budget for the financial year 2023 published Friday, December 23, 2022, on the website of the Ministry of Economy and Planning.

However, the achievement of this rate remains dependent on the removal of the obstacles facing economic activity; then it is based on cautious and realistic assumptions that take into account the national situation and the increase in implicit risks at the international level, explain the authors of the report.

It is also about the need to implement sectoral reforms to improve the business climate and the mobilization of human, technical and financial capacities in order to accelerate the implementation of work programs and government measures for the year 2023.

Achieving the rate in question also requires the adoption of periodic monitoring of the evolution of economic and social indicators in order to identify corrective measures in time, according to the same source.

Removal of obstacles with several expected positive impacts

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

It will also make it possible to reform regulatory structures, integrate the informal sector, combat smuggling, improve the judicial system, accelerate the pace of modernization of legislation, identify a strategy for economic diplomacy, and activate the role of Tunisian representations abroad.

It is also a question of supporting the orientation towards Africa, strengthening integration with neighboring countries, accelerating the implementation of public projects, and boosting public investment, the same document reported.

In addition, the removal of obstacles is likely to improve the yield and production of the agriculture and fishing sector, mobilize the necessary financing for public projects whose profitability exceeds the cost of credits, and finalize the reform of the legislative and incentive system for investment.

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

What about the tax system?

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