Capital expenditure increases by 32.1% in Algeria

The draft bill 2015 (PLF) provides for the mobilization of DZD 8,858.1 billion under public expenditure, up 15.7% compared to the PLF 2014, induced particularly by strong growth of capital investments (+32.1%).
The increase in State expenditures under the financial year 2015 is also due to the growth in operating expenses which increased by 5.5%, according to the bill of which APS obtained a copy.
Capital expenditure provides for program authorizations (AP) estimated at DZD 4,079.7 billion, payment appropriations (PA) amounted at DZD 3,885.8 billion and a new program (DZD 1.178).
The document forecasts budget revenues of about DZD 4684.6 billion dinars, i.e. a budget deficit of DZD 4,173.3 billion (22.1% of gross domestic product –GDP-).
For the public current expenditure, they are estimated at DZD 4,972.3 billion in 2015 against DZD 4,714.5 billion in 2014 (+ 5.5%).
Enshrined for the first time in the Finance Bill 2015, the definition of a guaranteed minimum wage was revised under the repeal of Article 87a of Law No. 90-11 of 21 April 1990 relating to labor relations, announced last February.