Tunisian Government Unveils Measures to Support Private Enterprises and Boost Employment in Latest Budget Bill
In its latest budget bill, the Tunisian government has introduced a series of measures aimed at supporting the development of private enterprises and stimulating employment.
Article 27: Boosting Employment through Preferential Loans
The government has allocated an additional 20 million Tunisian dinars (Mtnd) to the National Employment Fund, which will provide preferential loans to businesses between January 2023 and December 2025. This initiative aims to encourage banks to participate and respond to the financing needs of job creation.
Article 28: Promoting Investment and Economic Growth
The government has introduced several measures to promote investment, including:
- An envelope of 10 million dinars to support the National Guarantee Fund, which can guarantee up to 50 million dinars for businesses.
- Suspension of Value-Added Tax (VAT) and other levies on necessary acquisitions for business activities, thereby reducing their tax burden.
- Encouragement of participatory financing by offering tax privileges to investors.
- Exemption of VAT on interest related to participatory financing loans.
These measures are designed to stimulate economic growth, create jobs, and support the development of private enterprises in Tunisia.
