Tunisia’s 11th Development Plan has set out a road map to boosting growth through tax reforms, investment and economic restructuring. In July, parliament unanimously approved the Development Plan, which had been presented by Prime Minister Mohammed Ghannouchi. It is the latest five-year economic plan, taking the economy into the second decade of the twenty-first century. The draft plan has been two years in the making, and Ghannouchi said that it was based on extensive consultation, an assessment of the results of past plans and a thorough analysis of developments at the national and international level. The program combines economic reforms designed to boost investment and encourage and diversify the private sector, while boosting social services. In a move to encourage foreign direct investment (FDI), the Development Plan includes large-scale changes to the tax system. Corporate tax will be lowered from 35% to 30%, while businesses will be given a rebate
