The House of Councillors adopted the Finance Bill for the year 2012 : 11/05/2012

The House of Councillors adopted the Finance Bill for the year 2012

The House of Councillors adopted by a majority the 2012Finance Bill, during a plenary session held Friday, May 11th 2012. The draft was approved by 57 votes for, 30 against and 9 abstentions.  

The House previously adopted, during the same meeting, the first and second parts of this bill respectively relating to revenues and expenditures.

The opposition groups presented proposals for amendments, which were rejected by the Government. Those amendments were particularly related to the tax exemption for a class of drugs, the social cohesion Fund and the creation of job opportunities.

"According to the figures and outcome indicators, we are not facing a lost year and the government continues on the path to achieving its broader development strategies and its role in boosting the economy," stated previously Mr. Nizar BARAKA, Minister of Economy and Finance, who answered the statements made by the parliamentary groups in a plenary session at the House of Councillors, devoted to discuss the 2012 Finance Bill.

He also noted that, before the end of 2011, funds were appropriated to ensure the normal functioning of administrations, stating that this enabled all government departments and authorities to carry out their overall expenses apart from those relating to employment.

On April 11th, the House of Representatives adopted by a majority the 2012 Finance Bill with 166 votes in favor, 49 against and 15 abstentions.