Algeria macroeconomic to implement finance act

Finance Minister said Tuesday in Algiers that Algeria’s macro-financial balances allowed the implementation of the Finance Act 2013 for the protection and diversification of the national economy, rationalization of public expenditures and improved economic climate. Djoudi who answered questions from members of the National People’s Assembly on the draft Finance Act 2013 stated that foreign exchange reserves reached 183.8 billion dollars at the end of July 2012 when the balance of the revenue regulation fund stood at 6.4858 trillion dinars. External public debt has stabilized at the end of September at $ 410 million or 0.2% of GDP indicating only a financial comfort capable of supporting the continued implementation of the five-year plan and taking charge current expenditure of the year 2013, he argued. On the inflation rate estimated at 4% in the finance bill, the Minister noted that according to the IMF rate was relatively low compared to the region of the Middle East and North Africa.