Upper House passes Finance Act 2018

Monday, 11 December 2017 16:33

ALGIERS- The Finance Act 2018 has been adopted Monday by the majority of the members of the Council of the Nation (Upper House of Parliament), during a plenary session chaired by Speaker Abdelkader Bensalah, in presence of Finance Minister Abderrahmane Raouya and other members of the Government.

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ALGIERS- The minister of Finance Abderrahmane Raouya presented Sunday, the finance bill 2018 in a plenary session of the Council of the Nation (Upper House of Parliament) chaired by the Speaker of this institution Abdelkader Bensalah.

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ALGIERS – The Council of the Nation’s plenary sessions will resume on Sunday 10 December for the presentation and the debate of the Finance bill 2018, said the Upper House in a release.

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ALGIERS- The Finance bill 2018 adopted Sunday by the majority by the members of the People’s National Assembly (Lower House of Parliament) saw the introduction of six (06) new article and 10 amendments aimed at guaranteeing the financial balances and rationalizing public spending while preserving the State’s assets and social dimension.

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ALGIERS-Finance Minister Abderrahmane Raouia said Sunday that the Finance bill 2018 would contribute to maintaining the budget subsidy policy, boosting growth, controlling public expenditure and using revenues rationally.

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Lower House adopts Finance Bill 2018

Sunday, 26 November 2017 14:38

ALGIERS- The Finance bill 2018 has been adopted Sunday by the majority by the People’s National Assembly (Lower House-APN) during a plenary session chaired by Speaker Said Bouhadja, in the presence of Ministry of Finance Abderrahmane Raouya, and other members of the government.  

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ALGIERS- Minister of Finance Abderrahmane Raouia affirmed Tuesday, in Algiers, that the finance bill 2018 will contribute to the preservation of the economic balances, control of public expenditure and reduction of the effects of the drop in oil prices on the national economy, while preserving social security and the citizens’ purchasing power so as to avoid new taxes on citizens.

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ALGIERS- Thirty six amendments proposed under the finance bill 2018 were submitted by the bureau of the People’s National Assembly (Parliament’s Lower House), chaired by Said Bouhadja, to the finance and budget committee, said a communiqué of the Assembly.

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ALGIERS- the members of the People's National Assembly (lower house of Parliament) said Monday the finance bill 2018 includes provisions that are likely preserve social gains and unfreeze vital projects despite the country's difficult economic and financial situation.

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ALGIERS- MPs at the People's National Assembly (lower house of Parliament), while debating the provisions of the finance bill 2018, said national economy is in a difficult situation, hence the need to intensify investment, by making banks closer to economic operators, and simplifying the administrative procedures for project holders, which, they said, would contribute to the diversification of economy and the development of wealth-creating economic sectors. 

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