25 December 2012

Tunisia: NCA Adopts Articles of Finance Bill for 2013

Bardo — The National Constituent Assembly (NCA) adopted, on Tuesday, during a plenary session held in Bardo, 5 articles (10-15) out of a total of 75 articles of the finance bill for 2013.

Article 10, which is part of the chapter concerning issuing Islamic sukuks for the state, is related to setting a maximum amount authorised to the Finance Minister for issuing these sukuks in accordance with the regulations in force.

This amount is set at 1,000 million dinars for 2013.

Then, the NCA adopted article 11 related to the deduction of an amount worth 60 million dinars of the resources of Social Housing Promotion Fund (FOPROLOS) for the year 2013 for the benefit of the National Housing Improvement Fund (FNAH).

The NCA also adopted article 12 related to the cancellation of the private account of the "National Solidarity Fund" and the transfer of its resources to the "National Social Solidarity Fund."

Article 13 provides for the opening to Tunisia's General Treasurer Register, a private account named "Co-operation Fund between Local Communities."

This fund will contribute to the development of the financial resources of the local communities.

Article 14, registered in the same chapter on local communities, provides for financing the "Co-operation Fund between Local Communities," while article 15 is related to the distribution of these resources by virtue of an order.

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