Economic stimulus measures have helped mitigate Covid-19 impact, says PM

The Prime Minister, Minister of Finance, Aimene Benabderrahmane, said Monday in Algiers that the economic stimulus measures taken by the Government have helped mitigate the impact of the Covid-19 pandemic.

Speaking at the presentation of the 2022 Finance bill before the MPs of the People’s National Assembly (Lower House), Benabderrahmane stressed that “the national economy has shown more flexibility in the face of the negative effects of the global economic situation through the measures taken by the Government.”

“Thanks to the rationalization of public spending, the diversification of the national economy, and the mitigation of dependence on hydrocarbons, our national economy has become more flexible and managed to face the impact of the Covid-19 pandemic,” he said.

In this regard, the PM said that the 2022 Finance bill will ensure balanced public finance while maintaining the state subsidy which will be intended for vulnerable categories to protect social achievements.

The new finance bill enshrines the tax reforms undertaken as part of the implementation of the programme of the President of the Republic and in response to proposals from operators and experts.

The tax reforms initiated in the 2021 Finance bill will continue through the 2022 and 2023 complementary Finance Acts.

Source APS