5 November 2008
Tunis — In its 2008-2009 report, the Davos World Economic Forum has ranked Tunisia 2 nd in the World in terms of public spending and sound management of public funds.
This new performance comes as a confirmation of the success of the country's economic reforms towards further transparency and efficiency.
In Tunisia, public spending is managed within the framework of a budget, annually voted by two legislative bodies: The Chamber of deputies and the Chamber of Advisors. The budget, discussed during a month, confers full transparency on the State's revenues and expenses, by requiring that all operations appear on budget related documents.
The execution of the annual budget is then subjected to auditing by State auditors and to other further verifications, which are part entrusted to the government accounting office.
The management of public money in Tunisia has been adapted to the system applicable in Europe such as the Maastricht criteria, in spite of a difficult international situation.
The 2008 WEF report on development attributes Tunisia's performances to the re-paying by anticipation of the loans contracted by the State and public enterprises at high market rates. The country's debt service has significantly decreased to stand at 11, 2%, compared to 15, 8% in 2006.
Tunisia also has an efficient electronic administration that is close to the concerns of citizens and enterprises, and strives to ensure transparency, swiftness and efficiency for taxable economic transactions.
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