Lower House: Finance bill 2019 to be presented, debated Sunday

  • 11 November 2018 / News / 28 / Africa-Bi1


Lower House: Finance bill 2019 to be presented, debated Sunday

The finance bill 2019 will be presented in a plenary session Sunday at the People’s National Assembly (Parliament’s Lower House) by Minister of Finance Abderrahmane Raouya and will be debated on the same day and on Monday by this institution’s members.

The report of the Finance and Budget Committee of the People’s National Assembly will also be presented on Sunday in a plenary session with proposals to modify or abrogate some provisions of this bill.

The reply of Minister of Finance to questions and observations raised by the members of the People’s National Assembly, during two days of these debates, will take place on Monday 12 November, while the vote on this bill is scheduled for Thursday 15 November, according to the Lower House’s agenda.

This bill was the subject of several hearings by the Finance and Budget Committee, several ministers and general directors coming under the Finance Ministry.

The macro-economic guidelines retained for 2019 bank on USD50 oil price per barrel, a 2.6% growth rate and 4.5% inflation rate.

At the budgetary level, the bill provides for revenues of DZD6,508 billion, a slight increase compared with that of 2018, including DZD2,714 in oil taxes.

Budgetary expenditure will amount to DZD8.557 billion, a slight decrease compared with that of 2018.

The operating budget was estimated at DZD4,954 billion with a slight increase resulting from the security situation at the borders as well as a recovery in welfare transfers.

This is why a budget worth DZD1,763 billion will be devoted to the welfare transfers for the financial year 2019 (against DZD1,760 billion in 2018), i.e. about 21% of the total State budget for 2019.

The budget allocations for welfare transfers will notably cover more than DZD445 billion destined to support families, while about DZD290 billion will allotted to the retirement pensions, in addition to the support of National Retirement Fund (CNR) with DZD500 billion.

In its legislative side, the finance bill 2019 provides for measures aimed particularly at improving the management of public finances and strengthening the fight against fraud as well as measures encouraging the industrial sector.


source: Dz Breaking

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