The government establishes new measures for private operators

General Directors of the State’s Estates and the Budget Sunday made presentations related to legislative provisions in the financial draft act to the Finance Commission of the People’s National Assembly.

General Director of the State’s Estates Djamal Kheznadji said proposed measures aim at creating an economic dynamism and encouraging private investment. This comes as the State allocated a part of lands intended to industry to encourage investment.

The working meeting was chaired by the head of the Finance Committee Mahdjoub Beda. It discussed Article 75 of the law as it came to modify Article 58 of the Financial Act 2016. It deals with granting licences to private operators to create and manage industrial zones.

The licences will be granted only to Algerian economic operators provided that they fund their projects. The lands will remain state-owned in accordance with specifications which will be established by the Department of the State’s Estates and the industry ministry.

Those new measures will follow a national plan which will run all the industrial zones. Prefects will be in charge of determining lands which can be allocated for investment projects.

The Finance Committee also listened to a presentation made by the Treasury’s Director. It dealt with measures to optimize expenses and make changes to the budget supervision. 

The Director also talked about measures to improve the State’s tax incomes.