ALGIERS – The Council of the Nation members (Upper House of Parliament) unanimously adopted on Saturday the 2025 Finance Act.
The 2025 Finance Act was adopted at a plenary session chaired by the Council’s Speaker, Salah Goudjil, in the presence of Finance Minister, Laaziz Faid, and members of the government.
Following the vote, the Minister of Finance stated that “the 2025 Finance Act enshrines important commitments made by the President of the Republic, aimed at preserving and sustaining the development momentum achieved over the last five years, particularly in terms of improving citizens’ purchasing power, the diversification of the economy through investment promotion, the relaunch of major structuring projects, the promotion of energy transition, the acceleration of the digital transformation of State services to support the knowledge economy, the control of public debt management, and the mobilisation of additional resources.”
The 2025 Finance Act will also enable “a balance between meeting citizens’ needs and ensuring the continued resilience of the national economy in this global context marked by economic fluctuations and imbalances,” stated the Minister.
“It represents the third Finance Act to be drawn up and debated in accordance with the rules and principles stipulated by Organic Law No. 18-15 on Finance Acts,” recalled Faid.
For his part, Miloud Hanafi, chairman of the Council’s Economic and Financial Affairs Committee, said this vote “is not a routine procedure, but a message that carries with it the Novembrist spirit that has inspired our valiant people since the outbreak of our glorious Revolution.”
The budget provided for in the 2025 Finance Act, the largest since independence, constitutes “a major step towards the enshrinement of our economic sovereignty, firmly attached to the preservation of the social character of the State, in response to the aspirations of the citizen, who remains at the heart of the priorities of the President of the Republic.”
