Tuesday , July 27 2021

Today 2019 Financial Bill Debates

The 2019 Finance Law will be submitted to the NPC today by Finance Minister Abderrahmane Raouya.

Following this, the discussions will be opened in the general assembly and will continue until tomorrow. MPs vote will take place on Thursday. Today, the AFN Finance and Budget Commission will present its report with proposals to amend or cancel some provisions of this bill. It is already known that the members of the Commission have canceled a provision in this PLF and in Article 169, paragraph 4. Second, it limits companies' advertising spending, which will not fail to change dramatically. The advertising revenue from the media shows that the advertising in the private sector has resulted in a large decline. It should be noted that PLF2019 is based on a reference price of $ 50 per barrel and a growth rate of 2.6% and an inflation rate of 4.5%. %. In this bill, a slight increase in revenue was also recorded compared to 2018; 6 is estimated to be 508 billion dinars, of which one third (23.9%) obtains oil taxation. On the other hand, expenses are revised downwards compared to the previous year and are estimated to be 8 557 billion dinars. However, despite this overall decline in the spending section, the operating budget was insufficiently supported, because a slight increase in social transfers was temporarily allocated to more than 50% or 4 954 billion dinars. Last year it was 1,763 billion dinars against 1,760 billion dinars. According to PLF2019, 445 billion dinars will be distributed to support families, while pensions will have 500 billion dinars allocated to CNR and 290 billion dinars. The revision of the pensions described in 2019. The equipment budget foreseen in this law is 6 200 billion dinars, 2.6 trillion dinars to be allocated to program authorizations for new projects or projects. reassessments. Compared to the previous year, a decline in the state's public investment would result in a sharp decline in members.
Mr. A. T.

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