Friday , June 25 2021

2019 Finance Bill Debates today

2019 Finans Bill will be presented today to NPC by Finance Minister Abderrahmane Raouya.

Thereafter, the debates will be opened in plenary and will continue until tomorrow. The voting of alternate members will take place on Thursday. Today, the AFN Finance and Budget Committee will also present its report with proposals for amendment or cancellation of certain provisions of this bill. It is already known that the members of this commission have annulled a provision in this PLF, which was introduced in Article 169 paragraph 4. The latter implies that corporate advertising costs are limited, which will not fail with serious changes in advertising revenue from the media, which is already severely affected by the drastic decline in advertisements, especially the private sector. It should be recalled that PLF2019 is based on a reference price of $ 50 per barrel oil and is based on a growth outlook of 2.6% and an inflation rate of 4.5%. %. A slight increase in revenue was also noted in this bill compared with 2018, as estimated at 6,508 billion dinars, of which less than one third (23.9%) will be derived from petroleum taxes. On the other hand, the costs are revised downwards in relation to the previous year, estimated at 8,557 billion dinars. Nevertheless, the operating budget has been poorly committed, despite this overall reduction in the chapter on expenditure, as more than 50% or 4,954 billion dinars are provisionally allocated with a slight increase in social transfers. who carries 1,763 billion dinars against 1,760 billion dinars last year. According to PLF2019, these are distributed to 445 billion Dinars, which are intended to support families, while the pensions will have 290 billion Dinars, except that you receive 500 billion Dinars awarded CNR, so Decision on Valuation Retirement Date reported from 2019. The equipment budget under this bill is 6 200 billion dinars, of which 2.6 trillions of dinars should be awarded program permits intended for new projects or projects. revised assessments. A decrease compared with the previous year, the members have to quit, in the sense that it reflects a sharp decline in government's public investment.
A. T.

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