2023-10-25 20:44:02
ALGIERS – The President of the Republic, Supreme Head of the Armed Forces, Minister of National Defense, Mr. Abdelmadjid Tebboune chaired, Wednesday, a meeting of the Council of Ministers devoted to the examination and debate of the finance bill for financial year 2024, indicates a press release from the Council of Ministers of which here is the APS translation:
“The President of the Republic, Mr. Abdelmadjid Tebboune, Supreme Chief of the Armed Forces, Minister of National Defense chaired, today, a meeting of the Council of Ministers devoted to the examination and debate of the finance bill for fiscal year 2024.
After the presentation by the Minister of Finance of the bill to the Council of Ministers, the President of the Republic gave the following orientations, instructions and directives:
1- Give priority to preserving the purchasing power of citizens, with available means and taking into account financial balances.
2- Include in salaries, the increases decided at previous meetings of the Council of Ministers, since 2022 with a view to achieving the implementation of the commitments of the President of the Republic, regarding increases up to 47% in 2024 , while taking into account the financial impact resulting from the revision of the statuses of the Health, Education and Higher Education sectors.
3- Mr. President ordered the registration of the construction of 250,000 new housing units including 100,000 social rental housing units and 150,000 rural housing aid, as part of the President of the Republic’s commitment regarding the construction of (1 ) million housing units between 2020 and 2024.
4- The President of the Republic ordered the cancellation of the Professional Activity Tax (TAP).
5- Mr. President ordered the revision of the condition of contracting credits to include built-up areas and not land.
6- He expressed his satisfaction with the positive indicators recorded, favorable to the gradual return, from this year, of the balance of the National Pension Fund (CNR), following the increase in the number of new jobs and therefore the increase in the average declaration of workers at the national level.
7- Reduction, as much as possible, of the value added tax (VAT) for poultry production and the application of the same procedure to imported foodstuffs in general.
8-Classification of public spending priorities with preservation of the social character and stimulation of investment.
9- Mr. President reaffirmed the need to consolidate the desire for reform so that it is comprehensive and effective in various sectors.
10- Need to highlight general economic orientations, capable of boosting local and national economic growth.
11- Improve tax performance through the acceleration and generalization of the digitalization system, so as to establish true social justice among all taxpayers.
12- Revise and gradually update the accounting system with a view to achieving cohesion and total transparency in transactions and financial data.
Before the closing of the meeting of the Council of Ministers and the approval of the finance bill for the financial year 2024, the President of the Republic welcomed the various measures taken, at the origin of the improvement in income of the State, despite the increase in expenditure, due to the financial impact induced by the recently decided salary increases, the exemption from Value Added Tax (VAT) and the support for purchasing power, ensuring that no new tax likely to constitute a burden for the citizen has been provided for under the finance bill for the 2024 financial year.”
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