2019 Finance Bill published in Official Gazette N°. 79

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The Finance Bill of 2019, inked, last Thursday, by the President of the Republic Abdelaziz Bouteflika, was published in the Official Gazette No. 79 dated 30 December 2018.

As a reminder, the macroeconomic framework chosen for the 2019 financial year is based on an oil price of $ 50 per barrel, a growth rate of 2.6% and an inflation rate of 4.5%. In terms of the budget, the law provides for revenues of 6.508 billion AD (billion dinars), slightly higher than those of 2018, including 2.714 billion dinars of petroleum taxation. Budgetary expenditure amounted to 8.557 billion dinars, slightly lower than in 2018.

As for the Operating Budget, it is estimated at 4.954 billion AD, while the Equipment Budget is broken down between 3.602 billion AD of payment appropriations and 2.600 billion AD of program authorizations for new projects or revaluations. The overall balance of the Treasury for the 2019 financial year shows a deficit of nearly 2,200 billion AD.

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