News Column

Cabinet Meeting Approves 2014 Complementary Finance Law

July 3, 2014

A Cabinet meeting held, on Wednesday evening, approved the 2014 complementary finance law, spokesman for the Government Nidhal Ouerfelli said.

In a statement to the media, he added that this draft law will be submitted, Friday, to the National Constituent Assembly for adoption.

Speaking about the specificities of the finance law, Mr. Ouerfelli said that it is based on the rationalisation of public expenses and not the adoption of a financial austerity policy, that could have impacts on average- and low-income categories.

It is also based, he specified, on providing provisions aimed to consolidate the tax duty, fight against smuggling and parallel trade and stepping up growth and investment pending the amendment of the code of incentive to investment.

Besides, the draft law aims to speed up launch of structural economic reforms and adoption of solidarity and social integration policy, the spokesman pointed out, adding that this finance law seeks to preserve the great balances by reducing the budget deficit from 6.9% to 5.2%.

A news conference is due to be held, Friday at the Kasbah, by a representative of the Prime Ministry and Economy and Finance Minister Hakim Ben Hamouda to analyse the complementary finance law.

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Source: AllAfrica

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