2023-10-12 16:39:47
TIPASA – The draft Amended Finance Law (PLFR) 2023, recently adopted by the National People’s Assembly (APN), mainly aims to “preserve the purchasing power of citizens”, the Minister of Finance reaffirmed Thursday in Tipasa, Laaziz Faid.
The PLFR 2023, adopted by a majority last Sunday by the APN, before its presentation before the Council of the Nation, aims in particular to “preserve the purchasing power of citizens, support economic activity and diversification and improvement of salaries, unemployment benefits and pensions”, indicated the minister, in a statement to the press, following a working visit to the wilaya.
This bill, part of the continued recovery efforts of certain wilayas, also aims to guarantee food security through the increase in grain storage capacities, support for the prices of food products on a large scale. consumption and improving the situation of needy social categories, through the revaluation of the flat-rate solidarity allowance dedicated to disadvantaged categories, he added.
The PLFR 2023 provides for an increase of nearly 13% in state budget revenues, to reach nearly 9,000 billion DA, with an increase in expenditure to more than 14,700 billion DA (+6.7%).
Added to this is an increase in exceptional revenues to 1,410 billion DA, of which 848 billion DA comes from Sonatrach and 400 billion DA from dividends from the Bank of Algeria.
The same project also provides for a surplus of USD 7.1 billion in the balance of payments for the current year, compared to USD 5.7 billion forecast in the 2023 finance law.
The PLFR also forecasts an increase in exports of goods, which should reach a value of $52.8 billion in 2023, an increase of $6.5 billion compared to forecasts in the 2023 Finance Law. imports of goods, they should reach 41.5 billion dollars (+12.5%).
Regarding economic growth, growth of 5.3% is expected in 2023, compared to 4.1% forecast in the 2023 finance law, driven mainly by the hydrocarbons sector (+6.1%). Non-hydrocarbon GDP growth stands at 4.9% in the 2023 PLFR.
- Faid also underlined the “essential role” assigned to the bill establishing the conditions and modalities for granting economic land falling within the State Domain intended for the realization of investment projects, in “the improvement of the business climate and the relaxation of procedures for the benefit of investors.
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