Latest news

President of the Republic chairs an extraordinary cabinet meeting devoted to the 2023 draft Finance Law and gives several instructions

President of the Republic, Supreme Commander of the Armed Forces, Minister of National Defense, Mr. Abdelmadjid Tebboune, chaired, today, Sunday, an extraordinary meeting of the Council of Ministers, devoted to the 2023 draft Finance Law, during which he gave several directives and instructions, according to a statement of the Council of Ministers.

After presenting and discussing the draft law by the Minister of Finance, the President gave the following orders, instructions and directives:

Regarding the purchasing power issue:

  • The President stressed the government’s role in maintaining the abundance and stability of foodstuffs, especially subsidized ones, and confronting all forms of speculation.
  • Giving the utmost importance to improving the social situation of the citizen, in the first place.

Regarding the Automobile file:

  • Opening the way for citizens to import cars, less than three years, with their financial means and for their own needs, not for commercial purposes.
  • Allowing foreign manufacturers to import cars to sell them in Algeria in parallel with the intensive and field follow-up of the process of establishing a real automobile industry in Algeria as soon as possible.
  • Presenting the book of specifications for car dealerships, at the next cabinet meeting, for settlement, before the end of the year.

Regarding the wealth tax:

  • The President instructed the government, to continue modernizing and digitizing all sectors, so that management and equipment indicators are accurate an in line with national development.
  • Comprehensive digitization of all sectors in 2023 and giving importance to accelerating the digitization of the tax sector and personal property, in all areas to record the wealth, instead of a tax policy that targets only small employees and workers.
  • Carrying out an accurate statistical process of the financial and material components, in all forms, in the parallel market.
  • Launching a national plan to register all commercial transactions as part of an electronic data network in the tax sector.
  • Creating free zones in Tindouf, Timiaouine, Tinzouatine, and Taleb El-Arabi, in a way that helps achieve economic flexibility.
  • Authorizing exporters, within the framework of free exchange, to export non-consumable materials produced locally, such as plastic materials and their derivatives, based on a list determined by the Ministry of Commerce, as well as exporting the surplus of national industrial production with a customs declaration.

Regarding the housing sector:

  • Allocating real estate lands for the construction of social housing, while continuing the state’s commitment to support rural housing.
  • Launching a national consultation regarding the final settlement of the Boughezoul city project.

Regarding the education sector:

  • Optimal and most efficient use of the structures, institutions and all the capabilities that currently exist, in a way that allows preserving the financial capabilities of the state for the benefit of the education sector.

Regarding  the Interior and Local Authorities Sector:

  • Immediately initiating a deep review of the municipal and provincial laws, allowing for better performance and providing better services to citizens, with a precise definition of responsibilities.
  • Preparing an in-depth study, in preparation for a comprehensive review of the local tax system.
Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button