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November 16, 2024 | 2 months ago

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Finance Act 2025: A strong message to investors, says Faid

During the approval of the draft Finance Law for 2025 by the Council of the Nation on Saturday morning, Finance Minister Laziz Faid said that the law in question is part of President Abdelmadjid's economic and social vision to encourage investment, create wealth and jobs, and preserve citizens' purchasing power.

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The Minister of Finance, Mr Faïd, presented the 2025 Finance Law (PLF 2025) as a strategy to promote sustainable development and strengthen economic and social stability in Algeria. He stressed that the project would encourage investment, job creation and the development of the tax system while responding to citizens' expectations. Mr Faïd also reassured the public about the social aspect of the PLF 2025, stating that the project would preserve purchasing power and ensure the continuity of social programmes and subsidies.


He reiterated the government's commitment to involving all economic and social partners in managing public finances to implement the reforms successfully. Mr Faïd also announced that the project's adoption would mark a new stage in the reform process to strengthen the tax system and accelerate the digital transformation of public finances. Finally, he stressed that the PLF 2025 would help consolidate the achievements of the past five years, create favourable conditions for attracting investment, support the creation of 2 million jobs, achieve a GDP of USD 400 billion and complete major ongoing projects.

November 17, 2024 | algeria-logo

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