En hausse de 5% par rapport à la clôture de 2025

Up 5% from 2025 close

Budget expenditures

The Finance Bill (PLF) for 2026, presented Tuesday before the Finance and Budget Committee of the APN by the Minister of Finance, Abdelkrim Bouzred, provides, on the basis of a consumption rate forecast at 70%, an increase of 5% compared to the close of 2025, in budgetary expenditure which should reach 12,345.7 billion DA in 2026, to increase to 12,471 billion DA in 2027, then to 12,949.8 billion DA in 2028. “Budgetary expenditure should be at 17,636.7 billion DA in 2026, 17,815.7 billion DA in 2027 then 18,499.7 billion DA in 2028, while budgetary revenue should reach, for their part, 8,009 billion DA in 2026, 8187.2 Md DA in 2027 then 8412.7 billion DA”, it is indicated.

The frameworks and forecasts of the PLF 2026 established on forecasts for the three-year period 2026-2028, based on the evolution of the national and international economic context, particularly in terms of supply and demand for hydrocarbon products, with fiscal reference price of the barrel of crude oil estimated at 60 dollars (USD) over the period 2026-2028, while the market price of the barrel is set at 70 dollars, forecast an average annual increase of 1% over the period 2026-2028, in overall revenues excluding hydrocarbon taxes, supported mainly by the increase in tax revenues, which should thus grow at a rate close to 6.6% on average over the entire projection period retained, i.e. over the next three years. Another indicator taken into account for the projected decline in public deficits is expectations of actual spending for the next three years.

As for the credits allocated to transfer expenses and personnel expenses, the latter should respectively record, at the end of 2025, amounts of 4,775.23 billion DA and 4,019.65 billion DA, i.e. respective consumption rates of 82.1% and 90.4%, while those allocated to investment should record a consumption rate of around 41.6%, against 43% in 2024. The payroll, including that of the EPA, amounts to 5,926 billion DA in 2026, or 33.6% of the state budget, while social transfers are around 6,000 billion DA.

Finally, in terms of national economic activity, the PLF expects the continuation of its positive dynamics over the period 2026-2028, mainly driven by the expected performance of the non-hydrocarbon sectors. In particular the industrial sector which should record growth of 6.2% in volume over the same period, while growth in the construction sector would be 5.1%, driven by the relaunch of investments and the continued achievement of strategic objectives in terms of housing.
Rabah M