Council of the Nation: Minister of Finance expounds the most important axes of 2023 budget before specialized committee

The Minister of Finance, Brahim Djamel Kassali, expounded, today, Monday, before the Economic and Financial Affairs Committee of the Council of the Nation the most important axes of next year’s budget as part of the 2023 Finance Law.

Mr. Kassali said in a hearing before the Economic and Financial Affairs Committee of the Council of the Nation, chaired by Mr. Noureddine Tadj, in the presence of the Minister of Relations with Parliament, Basma Azouar, devoted to presenting the 2023 Finance Law, that the expected investment expenses in the draft Finance Law for the year 2023 have increased by + 2.7 percent, to reach 4019.28 billion DA, compared to 3913.2 billion DA expected in the supplementary finance law for the year 2022.

He added that the projects under completion are expected to be completed and the notification of the re-evaluation of the ongoing projects that can be delivered in 2023 and the projects that have been subject to “unfreezing” by the public authorities are expected to be completed.

In this regard, he revealed that during the year 2022, “the freeze was lifted on a program estimated at more than 110 billion DZD, directed at 217 investment projects that carry a definite added value at the local and national levels.”

Mr. Kasali highlighted the importance of moving to a new pattern of public financial governance, since the 2023 Finance Law falls within the context of the effective implementation of the new pattern of governance, in accordance with the provisions of Organic Law 15-18 related to finance laws, which established the new rules for management by objective on the basis of results and performance.

In addition, Mr. Kassali pointed out the set of legislative measures that came in the text of the law, which aim to encourage investment, harmonize and simplify fiscal procedures, mobilize resources, encourage solidarity activities, financial and fiscal inclusion, combat fraud and tax evasion, while strengthening the purchasing power of families.

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