The budget balance in January 2022 showed a positive result of 310.7 million dinars (MD), against 683.5 MD in the same period in 2021, down by 54.5%, according to the “Provisional Results of the State Budget Execution,” a document released Monday by the Finance Ministry.
This drop is explained by the 20.4% increase in budget expenses to 2.5 billion dinars, following the rise in intervention expenses to 322 MD (against 22 MD in January 2021), and investment expenses to 168 MD (against 84 MD).
Likewise, the financing charges (interests on the debt) were up by 14% to 410 MD.
Budget resources remained almost at the same level of 2.8 billion dinars (+0.7%), with a slight rise of 1.7% in tax revenues to 2.7 billion dinars.
64% of the budget expenditure is dedicated to the financing of the wage bill (1.6 billion dinars), 16% to financing expenses – interest on the debt (410 MD), 12% to intervention expenses (322 MD), and 6% to investment expenses (168 MD).
Cash resources fell from 794 MD in January 2021 to 110 MD in January 2022.
