Complementary finance bill 2020: Operating budget down by 50%, national guaranteed minimum wage up

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ALGIERS-The Council of Ministers meeting held Sunday via videoconference under the chairmanship of President of the Republic Abdelmadjid Tebboune decided to reduce State’s operating budget from 30% to 50% and increase the national guaranteed minimum wage (SNMG) to DZD20000 as of June 2020, announced the Presidency of the Republic in a communiqué.

After debating a presentation made by the Finance minister on the complementary finance bill 2020, the Council of Ministers “decided to reduce State’s operating budget from 30% to 50%, including the expenditure of State institutions.”

Moreover, the Council took the decision to abolish the tax on the global income tax for incomes less than or equal to DZD30000 as of June,” said the source.

According to the Presidency’s communiqué, “the Council also decided to augment the SNMG to DZD20000 of June.”

Besides, the Council took the decision to abolish the controlled declaration system for liberal professions and adopt proposals from the Ministry of Industry and Mines to revive industry.

APS

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