The finance law for the 2023 financial year, signed last Sunday by the President of the Republic, Mr. Abdelmadjid Tebboune, was published on Thursday in the Official Gazette (n 89).
The law was adopted on November 22 by the National People’s Assembly (APN), then on December 8 by the Council of the Nation.
It provides for forecast revenue of 7,901.9 billion DA (+4), while expenditure is 13,786.8 billion DA, including 9,767 billion DA for operating expenses.
Regarding the macroeconomic framework, the 2023 budget is based on a reference price of a barrel of oil at 60 dollars and a market price at 70 dollars.
The text provides for a growth rate of 4.1%, inflation of 5.1%, exports of 46.3 billion dollars and imports of 36.9 billion dollars.
The text of the 2023 finance law proposes a series of measures, both in terms of investment support and in the fiscal sphere, as part of a new budgetary approach centered on objectives for greater efficiency and of transparency.
It is also the first finance law drawn up under organic law 18/15 relating to finance laws which, in particular, enshrine budget forecasting over a three-year period.