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President Bouteflika inks Finance Law 2019

Published on : Thursday, 27 December 2018 18:09   Read : 0 time(s)
President Bouteflika inks Finance Law 2019

ALGIERS - President of the Republic Abdelaziz Bouteflika has signed Thursday in Algiers the Finance Law 2019.

The Head of the State signed the Finance Law 2019 at the headquarters of the Presidency of the Republic in the presence of the State’s senior officials and members of the government.

The macro-economic framework adopted for 2019 is based on an oil price of $50 per barrel, growth rate of 2.6% and an inflation rate of 4.5%.

At the budgetary plan, the Law provides for revenues of DZD 6,508 billion, including DZD2, 714 billion of oil revenues.

With regard to the budgetary expenses, they are amounted to DZD 8,557 billion slightly down compared to 2018’s. The Operating Budget stands at DZD 4,954 billion.

Last modified on Friday, 28 December 2018 14:55

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President Bouteflika inks Finance Law 2019