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Funds Up, Prices Steady

Funds Up, Prices Steady

Algerian Finance Minister Mohamed Lamine Lbou said the 2027 Finance Bill aims to diversify revenue, attract funds from the parallel market and support the transition to a productive economy, while preserving purchasing power without raising tax rates. Measures include supporting investment and non-hydrocarbon sectors, improving tax collection and combating evasion, and supporting essential goods and services; the introduction of targeted subsidies, meanwhile, depends on completing the digitalization process. He explained that 99% of public debt is domestic and that the deficit would be addressed by mobilizing resources and rationalizing spending. The 11 newly created provinces have been allocated 152 billion dinars in commitment authorizations and 132 billion dinars in payment appropriations.

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