Finance bill 2011 adopted by Council of Ministers

The Council of Ministers, met Tuesday under the chairmanship of President of the Republic Abdelaziz Bouteflika, adopted the finance bill 2011.

The bill is based on a GDP (gross domestic product) growth rate estimated at 4% and 6% for non-hydrocarbon, with 3.5% inflation, according to a Council of Minister’s statement.

Draft State Budget shows DZD 2,992 billion in revenues and DZD 6,605 billion in expenditure.

The budgetary deficit will be partially financed by the Revenue Stabilization Fund. The allocation for running cost is estimated at DZD 3,434 billion, an increase by DZD 600 billion compared with the funds originally appropriated for fiscal year 2010, the statement added.