
Tunisia: Cabinet meeting reviews key directions for 2026 Finance Law and State Budget
In her opening remarks, the Prime Minister emphasised that the 2026 Finance Law must embody a strategic vision, serving as a tool to implement public policies under the state's economic and social programme.
This programme aims to balance economic growth and social justice, aligning with the 2026-2030 Development Plan, which will reflect the will of the people.
According to a statement from the Prime Ministry, she stressed that national choices are the only way to meet people's expectations, particularly by revising a number of laws relating to taxation and social justice, and by reopening public sector recruitment to address unemployment.
The Prime Minister underscored the need for a new approach in drafting the 2026 Finance Law, one that moves beyond temporary fixes and half-measures. Instead, it should reflect the state's vision which consists in strengthening the foundations of the social state, while ensuring fiscal justice and social equity, boosting purchasing power, balancing economic growth with social justice and increasing the rate of economic growth by stimulating investment and establishing an appropriate social and economic framework for the construction and building phase.
She also highlighted that all state's economic policies must adhere to core principles, including preserving national sovereignty and independent decision-making, self-reliance.
At the same time, the state must remain open to Tunisia's regional and international environment in order to support and consolidate national decisions regarding the social role of the state and the promotion of local, regional, and territorial development, she was quoted as saying in the same statement.
The Cabinet meeting outlined the following priorities for the 2026 budget:
- Strengthening the Social State through expanding support for vulnerable and low-income groups, while promoting economic empowerment mechanisms that benefit these groups in particular, in order to improve living conditions.
- Developing the state's own resources by pursuing a policy of self-reliance, reducing tax evasion, integrating the informal economy, and diversifying sources of state budget financing, in line with a new vision.
- Promoting employment, improving living standards and strengthening the social protection system, while valuing human capital. This can be achieved by developing social policies to promote social justice, adopting measures to maintain the purchasing power of vulnerable and middle-income groups and providing greater social support for vulnerable groups, as well as guidance and support for business start-ups.
- Implementing measures to improve income, strengthen economic and social integration mechanisms, create jobs, provide decent working conditions, eliminate precarious employment, facilitate access to housing, strengthen social cohesion, improve all public services and develop the social security and coverage system.
- Promoting investment within the framework of a comprehensive approach based on liberalising entrepreneurship and improving the business climate so that public investment drives private investment and raises the pace of economic growth.
- Investing in regional development programmes based on constitutional principles will drive development in the regions. This approach will contribute to the formulation of regional priorities, starting with programme and project proposals at the local council level and progressing through the regional and district councils to the national level.
On this basis, the development plan for the 2026–30 period will be prepared. Development-related expenditure is a key lever for stimulating economic growth and attracting private investment, particularly at regional and district levels.
- Accelerating interconnectivity and making the digital transformation of the administration a tool for modernising the administration, ensuring transparency, facilitating transactions and opening up prospects for supporting the digital economy.
During the Cabinet meeting, it was emphasised that this draft is based on a set of principles aimed at strengthening the pillars of the social state, maintaining financial balance, and improving the efficiency of public performance in various sectors.
The most important basic principles include simplifying procedures for Tunisians abroad, supporting the financing of start-ups and communitarian enterprises and financing companies active in the green, blue and circular economy sectors.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Zawya
an hour ago
- Zawya
S&P upgrades India rating on economic resilience, sustained fiscal consolidation
MUMBAI - Credit rating agency S&P Global upgraded India's long-term unsolicited sovereign credit ratings to "BBB" from "BBB-" on Thursday, citing economic resilience and sustained fiscal consolidation. The agency had revised the outlook on India's rating in May last year to positive from stable on robust growth and improved quality of government expenditure. "The upgrade of India reflects its buoyant economic growth, against the backdrop of an enhanced monetary policy environment that anchors inflationary expectations," the rating agency said in a statement. "Together with the government's commitment to fiscal consolidation and efforts to improve spending quality, we believe these factors have coalesced to benefit credit metrics," it added. The Indian rupee strengthened to 87.58 against the dollar from 87.66, while the benchmark 10-year bond yield fell 7 basis points to 6.38% soon after the announcement. The rating agency also revised its transfer and convertibility assessment to 'A-' from 'BBB+', it said. S&P may lower the country's ratings if it sees an erosion of political commitment to consolidate public finances, while downward pressure could also come from economic growth slowing materially on a structural basis such that it undermines fiscal sustainability, it said. Ratings could be further raised if fiscal deficits narrow meaningfully such that the net change in general government debt falls below 6% of GDP on a structural basis, it added.


Zawya
3 hours ago
- Zawya
Oman can leverage AI to boost transparency
SALALAH - Secure and targeted use of artificial intelligence can help Oman's government and private sector enhance transparency, performance, and citizen engagement, according to Jennifer McGinty, founder and director of McGinty Consulting. On her first visit to Oman, McGinty speak at the Labour Forum 2025, organised by the Ministry of Labour, on how AI can be used effectively and safely. She said her aim was to introduce employees to practical tools while stressing the importance of data security. 'I have a lot of experience working with large private companies such as Indeed, Bain & Company, Deloitte, and USAID, which excel in using AI tools. But I've noticed that in the Middle East, North Africa, and even the U.S., government agencies are far behind,' she told the Observer. 'If they are using AI tools, they are often not using them in a safe and secure way. Some are putting proprietary information — private data about citizens and their governments — into public AI platforms that are not securely stored.' McGinty said Oman's Vision 2040 — particularly its focus on youth employment — offers an excellent opportunity to use digital platforms to connect young people with government programmes. 'Oman has a great opportunity to use these AI tools to communicate directly with citizens — through emails, public platforms, or social media,' she said. 'I hope the Ministry of Labour will take some of these tools and use them to improve communication.' For decision-makers, especially in AI departments across ministries and in the private sector, she recommended starting with a needs-based or baseline study. 'You have to understand what employees are spending their time on and where they need help. Without that, you risk buying 20 different AI tools, and people will only use one or two — which is a waste of money,' she explained. Praising Oman as 'one of the most hospitable places' she has visited, McGinty added: 'People here are so respectful, much more than in many other countries I've been to. I'm very impressed.' 2025 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (


Khaleej Times
3 hours ago
- Khaleej Times
S&P upgrades India rating, despite US tariff threats
S&P upgraded India's long-term sovereign credit rating on Thursday, with the agency citing New Delhi's "commitment to fiscal consolidation" and its "buoyant economic growth". The US ratings agency said it was upgrading the world's fifth-largest economy from BBB- to BBB, adding that it expects the impact of US President Donald Trump's tariff blitz on India to be "manageable". The outlook on the long-term rating, S&P noted, is "stable". "The upgrade of India reflects its buoyant economic growth, against the backdrop of an enhanced monetary policy environment that anchors inflationary expectations," S&P said in a statement. "Together with the government's commitment to fiscal consolidation and efforts to improve spending quality, we believe these factors have coalesced to benefit credit metrics." While India remains the world's fastest-growing major economy, there has recently been a slowdown in urban demand and muted government expenditure. The Indian economy expanded at its slowest pace in four years in the fiscal year that ended in March 2025. New Delhi's economic outlook has also been darkened in recent weeks by Trump's decision to punish its purchases of Russian oil by threatening to increase tariffs from 25 percent to 50 percent. But S&P believes that India's growth prospects won't be thrown off course as a result of Trump's chaotic trade policies, noting that even the 50 percent tariffs would not "pose a material drag on growth". "India is relatively less reliant on trade and about 60 percent of its economic growth stems from domestic consumption," the agency's statement said. "Factoring in sectoral exemptions on pharmaceuticals and consumer electronics, the exposure of Indian exports subjected to tariffs is lower at 1.2 percent of GDP," it added. "Though this may eventually result in a one-off hit to growth, we envisage the overall impact to be marginal and will not derail India's long-term growth prospects." It added that even if India had to switch from importing Russian oil, the fiscal cost would be "modest" given the "narrow price differential between Russian crude and current international benchmarks".