The Algerian government has presented the 2027 Finance Bill to the National People's Assembly (APN), aiming to support productive investment and strengthen economic diversification. The bill, presented by Finance Minister Mohamed Lamine Lebbou, outlines a growth rate of 4.2% for 2027, driven by non-hydrocarbon sectors such as industry, construction, agriculture, and services. The bill's objectives include preserving purchasing power, improving living standards, and modernizing administration.
The 2027 Finance Bill is built on several key principles, including prudence in estimating revenues, stability, and economic diversification. The government aims to balance public investment and social transfers while ensuring the sustainability of public finances and macroeconomic balances. The bill also focuses on improving performance in program management and expanding the tax base to strengthen ordinary taxation.
Minister Lebbou emphasized that the government remains committed to its budgetary priorities, focusing on supporting economic growth, improving living conditions, and implementing major public investment programs. The bill outlines various legislative measures to achieve these goals, including simplifying procedures, accelerating modernization, and combating tax evasion and fraud.
The debate on the 2027 Finance Bill will continue for three days, with the government representative responding to deputies' questions and concerns. The bill's vote is scheduled for November 16, 2026. The government has assured that it will maintain its priorities, including supporting economic growth and improving citizens' living standards.
According to the bill, the national economy is expected to grow by 4.2% in 2027, driven by non-hydrocarbon sectors. The growth rate is projected to reach 4.1% in 2028 and accelerate to 4.7% in 2029. The bill also outlines budget expenditures and revenues, as well as forecasts for 2028 and 2029.
The government aims to consolidate tax obligations, transparency, and the fight against tax evasion and fraud. The bill proposes measures to simplify procedures, accelerate modernization, and improve the business environment. The government also seeks to expand the tax base and strengthen resource mobilization.
The presentation of the 2027 Finance Bill marks a significant step in Algeria's efforts to support economic growth and diversification. The bill's implementation will be closely monitored, with a focus on achieving its objectives and improving the living standards of Algerian citizens.
Key points
- The 2027 Finance Bill aims to support productive investment and strengthen economic diversification in Algeria.
- The bill outlines a growth rate of 4.2% for 2027, driven by non-hydrocarbon sectors.
- The government aims to balance public investment and social transfers while ensuring the sustainability of public finances and macroeconomic balances.
