The Finance Bill (PLF) 2023 was adopted unanimously by the National People’s Assembly (APN).
Indeed, the finance bill (PLF) 2023 having been submitted to the vote today, Tuesday, November 22, 2022, at the National People’s Assembly (APN), was unanimously adopted by the deputies. , during a plenary session chaired by Brahim Boughali, President of the Assembly, in the presence of Finance Minister Brahim Djamel Kassali and several ministers.
What are the forecasts of the 2023 finance bill?
It should be noted that the preparation of the 2023 finance bill was done on the basis of a forecast reference price of a barrel of oil of 60 dollars for the period between 2023 and 2025, an average growth rate of 4 .1% in 2023 and 4.4% in 2024 and an inflation level of 5.1% in 2023 and 4.5% in 2024 and 4.0 in 2025.
In addition, the PLF provides for next year an increase in budget revenue to 7,901.9 billion dinars and 13,786.8 billion dollars in expenditure, distributed over operating expenses, which will increase to 9,767.6 billion dinars ( +26.9%) and capital expenditure which will be up to 4,019.3 billion dinars (+2.7%) compared to the complementary finance law (LFC) 2022.
Based on forecast revenue and expenditure, the budget deficit will drop from 4,092.3 billion dinars (-15.9 of GDP) in the closing forecasts for 2022 to an average deficit of 5,720.0 billion dinars over the 2023 period. -2025 (-20.6% of GDP).
In addition, revenue from goods exports is expected to reach US$46.3 billion in 2023, compared to US$44.4 billion in the CFL 2022 forecast.
In conclusion, revenues are expected to register a “slight increase” to $46.4 billion in 2024 and to $45.8 billion in 2025.