Details about Algeria Complementary Finance Law 2014

Algeria’s Complementary Finance Law 2014 due to be examined by cabinet and passed by Parliament does not include austerity-related measures in view of the delayed implementation of the current five-year-plan, Echorouk has learnt.

The Algerian finance minister gave instructions to respect budget management to achieve the five-year-plan 2010-2014 as it was largely extended due to pay raise in the public sector.
The draft law expects that the budget resources would decrease and expenses would be reduced compared to 2013 although there was no new project before the launching of the five-year-plan 2015-2019.
The finance ministry has used the same policy for years regarding oil referential price in the budget making. Growth average is expected to reach 5 percent in total and 5.6 percent out of hydrocarbons. Inflation average would go down to 3 percent.
No new jobs only if it is extremely needed
The draft law stressed the necessity of limiting the opening of new jobs only if it is extremely needed and redistributing workers on sectors as part of human resources use rationalization in administration and public enterprises.
In order to have control over budget deficit, the government will give priority to clean up the current program and will strictly choose the next-five-year-plan new projects of economic utility.