These are the indicators of the macroeconomic frameworks and budgets for the Finance Law for the year 2023, which was approved by Parliament today, Thursday, with estimates for the years 2024 and 2025:
The reference price for a barrel of crude oil was approved at $60 during the period 2023-2025.
The market price of a barrel of crude oil was approved at $70 during the period 2023-2025.
The inflation rate is estimated at 5.1 percent in 2023, 4.5 percent in 2024, and 4 percent in 2025.
Economic growth will be 4.1 percent in 2023, +4.4 percent in 2024, then +4.6 percent in 2025.
Revenues from commodity exports will reach $46.3 billion in 2023, and will reach $46.4 billion and $45.8 billion in 2024 and 2025, respectively.
Goods imports will decrease to $36.9 billion in 2023 (-4.2 percent compared to 2022), and will reach $35 billion in 2024 and $34.2 billion in 2025.
The trade balance will record a surplus of $9.4 billion in 2023, then $11.3 billion and $11.6 billion in 2024 and 2025, respectively.
The balance of payments will record a surplus of $5.7 billion in 2023, rising to $6.5 billion in 2024 and $6.8 billion at the end of 2025.
The exchange reserve will increase from $59.7 billion at the end of 2023 to $69 billion at the end of 2025, which represents, respectively, 16.3 and 19.3 months of imports of goods and services outside production factors.
The estimated total budget revenues between 2023 and 2025 will increase by 4 percent on average, to reach 7901.9 billion DA in 2023, 8187.2 billion DA in 2024, then 8454.6 DA in 2025.
The oil levy restricted to the budget will increase between 2023 and 2025, at an annual average of 2.9 percent, estimated on the basis of a reference price of $60 per barrel, to go from 3298.5 billion DZD in 2023 to 3409.6 billion DZD in 2024, then to 3502.2 billion DZD in 2025.
Regular resources will grow by 4.8 percent on average during the period 2023-2025, mainly due to the increase in tax revenues (about +6.6 percent on average between 2023 and 2025). Regular resources will go from 4603.4 billion DA in 2023 to 4777.6 billion DA, then to 4952.4 billion DA in 2025.
Budget expenditures will amount to 13,786.8 billion DA in 2023, 13918.4 billion DA in 2024, and 13998.4 billion DA in 2025.
Operational expenses will increase by 26.9 percent in 2023 to reach 9767.6, and by 3.5 percent on average between 2024 and 2025.
Equipment expenditures will increase in 2023 by 2.7 percent compared to 2022, then will decrease by 9.7 percent in 2024, and then decrease by 2.5 percent in 2025. Equipment expenditures will go from 4019.3 billion DA in 2023 to 3538.4 billion DA in 2025.
Software licenses will amount to 3259.65 billion DA, and payment credits will amount to 28.4019 billion DA in 2023.
The budget deficit next year will reach 5884.9 billion DZD (-22.5 percent of the gross domestic product), with an average value of 5720 billion DZD during the period 2023-2025 (-20.6 percent of the gross domestic product).
– The total treasury deficit will record an average value of 6586.3 billion DZD during the period 2023-2025 (- 23.7 of the gross domestic product).
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