Due to COVID-19’s negative impact on companies and institutions, the 2022 Finance Bill is currently being discussed. Details of the bill are eagerly awaited by the majority of Tunisians who fear salary cuts.
With the absence of a clear vision to face the crisis, the country still does not have a clear strategy to find resources for the 2022 budget, both on the national and international levels.
These resources are difficult to find, especially as negotiations with the International Monetary Fund (IMF) and with international lenders are complicated in light of the current economic situation and the decrease in the sovereign rating by an international rating agency. Along with the country’s political instability, Tunisian and foreign investors are discouraged to have economic projects in the country.
The salary cuts foreseen in the 2022 Finance Bill may take the form of exceptional contributions or income taxes in order to provide the necessary resources to finance the 2022 state budget. However, a large part of Tunisians and social partners denounce this solution.
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