Energy and industry sectors have monopolised largest share of state guarantees in 2022
08/01/2023 19:32, TUNIS/Tunisia

(TAP) - The industry and energy sectors have benefited, during the first half of 2022, the most implorant share of state guarantees granted to public enterprises and non-administrative public institutions, or 61.8% of the total amount of the guarantee.

This is revealed in a report on transfers and guarantees granted to public enterprises and non-administrative public institutions published by the Ministry of Finance.

The state guarantees granted to public enterprises and non-administrative public institutions, under the financing of investment and development projects scheduled in the strategic development plans of the State.

According to report, the Finance Act of 2022 has set at 7 billion dinars the maximum amount granted by the state as a guarantee for loans or funds intended for the issuance of sukuk (bond financing) Islamic.

In this regard, the Tunisian Refining Company has received a guarantee of 245 million dinars to finance its imports of oil. The office of cereals has, meanwhile, received a guarantee of 254 million dinars to cover the import operations.

As for the Tunisian Company of Electricity and Gas (STEG), it has received a guarantee of nearly 393 million dinars and a loan of 312.5 million dinars. The State has also granted a guarantee of 77.4 million dinars to the Tunisian Trade Office.

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