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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