Bardo — Finance Minister Elyes Fakhfakh said on Tuesday that his department has taken months ago steps to devise a new development plan, starting by structural reforms as regard taxation and public banking system.
Addressing the National Constituent Assembly (NCA) at a debate on the economic situation in the country, the minister said these reforms are necessary to step up investment, achieve tax justice and devise a development plan that meets aspirations of future generations.
He pointed out that reforms of public banks, which fund economy by 45%, had already been started, an investment fund had been set and mechanisms of micro-financing and Islamic financing had been diversified.
Mr. Fakhfakh spoke about the subsidy estimated at 5,500 million dinars in 2014, indicating that the State withstand the subsidy volume which is constantly rising from year to year, notably the subsidy devoted to energy (3,000 million dinars).
To alleviate this weight, a programme to reduce electricity and gas subsidy meant for high energy-using enterprises, will start as of October, he reminded.
As for the new measure related to imposing a 10% tax rate on totally-exporting companies, he said this measure "will not deter foreign investors to choose Tunisia's site."