Foreign companies’ quota in the completion of projects is reduced

Government decides, through the Finance Minister to review its policy on the domestic financial role in the economic development, through easing the fiscal pressure with the expansion of the existing budget, in time the executive branch is directing towards integrating the tax on the benefit of the institutions and the tax on the professional activity and the value that is added to the branches of productive activity, as the imports taxation and fees of imports’ resettlement operations will be increased.

Prime Minister, Abdelmalek Sellal, lifted the degree of preparedness of the executive branch, to face the financial and economic situation of the country, through the adoption of an emergency plan which finishing touches were prepared by the Finance Ministry, last weekend, as the joint ministerial cabinet file included major axes to regain the years of delay in achieving the economic take-off, as it was decides to count the vacant spaces and viable assets to exploit them as industrial property in all the provinces, to launch industrial zones in provinces and the new poles of activity in municipalities, and investment institutions that pave the way for the post-oil era.

Sources from the Finance Ministry said that the government granted the Minister, Abderrahmane Ben Khalifa, the green light to review the general policy of the taxes, and specifically in its part concerning the activation of local financial role in economic and social development, through the expansion of the fiscal budget in line with the objectives of the government’s efforts to support the national production and the imposition of the blockade on imports, except for necessities.

Same sources confirmed that the work paper was referred to the government to ease the fiscal pressure on the one hand and the fiscal expansion at the same time.