Highlights

Presentation of the Minister to the House of Representatives on the national economy : 06/08/2012

Presentation of the Minister to the House of Representatives on the national economy

The Minister of Economy and Finance, Mr. Nizar BARAKA, stated Thursday, August 2nd 2012 that the national economy should achieve a growth by around 3.4%, following trends in key indicators of the economic conditions at the end of last June


The Minister explained, in a presentation before the Committee on Finance and Economic development to the House of Representatives, that the non-food inflation rate remains limited to 1%, in spite of recent price increase in some fuels.

He also assured that the inflation rate remains under control, stressing that forecasts turn around a rate of 1.5% this year.

In addition, the Minister stated that the execution of the Finance Act at the end of June was characterized by positive achievements as regards receipts, including tax revenues as well as an in crease in current expenditures as a result of the measures adopted within the framework of the social dialogue starting from July 2011 and the important weight of the compensation. The execution of the Finance Act was also characterized by a slowdown in the pace of capital spending, he added.