2023-10-25 21:14:06
ALGIERS – The Council of Ministers approved, Wednesday during its meeting under the presidency of the President of the Republic, Abdelmadjid Tebboune, the finance bill “PLF-2024” which gave priority to the preservation of purchasing power citizens.
After presentation by the Minister of Finance of the finance bill (PLF-2024) before the Council of Ministers, the President of the Republic gave orientations, instructions and directives relating, in particular, to the importance of “preserving the purchasing power of citizens, with the means available and taking into account financial balances”, indicates a communiqué of the Council of Ministers.
He ordered, in this context, to 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, with regard to increases of 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.
The President of the Republic ordered the cancellation of the Professional Activity Tax (TAP) and the reduction, “to the maximum”, of the Value Added Tax (VAT) for poultry production and the application of the same procedure for imported foodstuffs in general.
He also ordered the revision of the condition for granting credits to include built-up areas and not land, according to the press release from the Council of Ministers.
Concerning the National Pension Fund (CNR), the President of the Republic 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.
Regarding public spending, the President of the Republic underlined the need to classify priorities while preserving the social character and stimulating investment.
He reaffirmed the need to consolidate the desire for reform so that it is comprehensive and effective in various sectors and to put forward general economic guidelines, capable of boosting local and national economic growth.
The President of the Republic insisted on the imperative of improving tax performance through the acceleration and generalization of the digitalization system, so as to establish true social justice among all taxpayers, in addition to revising and ‘gradually update the accounting system with a view to achieving cohesion and total transparency in transactions and financial data.
Read also: President of the Republic: register the creation of 250,000 new housing units
President Tebboune ordered the registration of the construction of 250,000 new housing units including 100,000 social rental housing units and 150,000 rural housing units, in recognition of the President of the Republic’s commitment to the construction of one (1) million housing units between 2020. and 2024.
Before the closing of the meeting of the Council of Ministers and the approval of the “PLF-2024” finance bill, 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 planned under the finance bill for the 2024 financial year, according to the press release.
1698277484
#Council #Ministers #approves #PLF2024
