The draft law was voted on during a public session chaired by the President of the National People’s Assembly, Ibrahim Bougali, in the presence of Finance Minister Laziz Fayed and members of the government.
The representatives also voted on the proposed amendments to the draft law included in the supplementary report of the House Finance and Budget Committee, to which 90 amendments were referred by the representatives.
This vote is considered an important step towards approving the state budget for 2025, which will focus on accelerating economic development, combating unemployment, and enhancing investments in vital sectors such as industry and infrastructure, according to the Algerian Ministry of Finance.
Algerian economic experts believed that the draft law introduced new measures aimed at promoting investment and supporting the national economy, as well as new measures to support purchasing power and improve the citizen’s living framework, and enshrines the expansion of the tax base while introducing a number of tax incentives and facilities that affect many sectors of economic activity without including new taxes.
While the parliamentary bloc of the “Movement for Society of Peace” rejected the draft law and voted against it, noting that this was due to “the occurrence of a group of legal violations in form and substance in the presentation of the draft law at the level of the Finance and Budget Committee,” in addition to “the unjust acceleration in studying the draft law, and the hasty “It is clear that it will be passed in a very short period of time.”
The movement also noted that the rejection of the amendments and proposals presented by representatives of its parliamentary group was “based on unconvincing justifications, the lack of the necessary professionalism and seriousness in studying the draft law, and its treatment of the state budget in a traditional manner that is not consistent with the requirements of the Programs, Objectives and Indicators Law.”
She criticized the law for “the lack of transparency with regard to the budget allocated to institutions under guardianship and the absence of indicators to measure efficiency, which makes parliamentary oversight impossible, and the lack of information systems that allow monitoring the implementation of the budget.”
It is noteworthy that the draft Finance Law for the year 2025 will be presented to the National Assembly for further discussion and approval, before it enters into force at the beginning of next year.
Algerian President Abdelmadjid Tebboune is likely to make a government reshuffle after approving the 2025 budget.
Source: Algerian media
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How do the proposed amendments to Algeria’s 2025 draft budget reflect the government’s responsiveness to the economic needs of its citizens?
**Interview with Economic Analyst Dr. Amira Benali on Algeria’s 2025 State Budget Draft Law**
**Interviewer:** Thank you for joining us today, Dr. Benali. The recent vote on the draft law during a public session of the National People’s Assembly marks a significant step towards the approval of the 2025 state budget. What are your thoughts on the importance of this vote?
**Dr. Benali:** Thank you for having me. This vote is indeed pivotal for Algeria as it sets the stage for the upcoming budget. Chaired by President Ibrahim Bougali and attended by Finance Minister Laziz Fayed, it reflects a concerted effort by the government to prioritize economic recovery and development post-pandemic.
**Interviewer:** Can you elaborate on the key focuses of the 2025 budget as outlined in this draft law?
**Dr. Benali:** Absolutely. The 2025 budget aims primarily at accelerating economic development, tackling unemployment, and boosting investments in critical sectors like industry and infrastructure. This aligns with the Algerian Ministry of Finance’s goals to create a more resilient economy capable of withstanding global economic fluctuations.
**Interviewer:** There were 90 amendments proposed to the draft law. What might these changes indicate about the legislative process and responsiveness to economic needs?
**Dr. Benali:** The introduction of 90 amendments signals a proactive approach by the representatives in addressing various economic concerns and ensuring that the legislation reflects the diverse needs of the population. It shows that there is a robust debate occurring within the assembly, which is essential for creating laws that genuinely support economic growth and social welfare.
**Interviewer:** Economic experts have noted new measures for promoting investment and supporting the national economy. What specifics can we expect from these measures?
**Dr. Benali:** The draft law is designed to include tax incentives aimed at expanding the tax base while alleviating the financial burden on citizens. Additionally, there are provisions to enhance purchasing power, which is critical in these times of economic unpredictability. these measures aim to create a more conducive environment for both domestic and foreign investments.
**Interviewer:** how do you perceive the impact of these measures on the average Algerian citizen’s life?
**Dr. Benali:** If successfully implemented, these provisions could substantially enhance the living conditions for many Algerians by improving economic opportunities and stimulating job creation. Better investments in infrastructure and industry can lead to more employment opportunities, which ultimately boosts household incomes and purchasing power. This holistic approach is essential for fostering a more sustainable economy.
**Interviewer:** Thank you, Dr. Benali, for your insights on this crucial development for Algeria.
**Dr. Benali:** Thank you for having me. I look forward to seeing how these measures will unfold in the coming years.
