The draft state budget of IDA for 2025 was approved at a meeting of the lower house of the country's Parliament - the National People's Assembly. This means that the main provisions of the current draft budget are likely to remain in the final version of the document, namely:
The draft budget assumes a market oil price of US$70 per barrel for the period from 2025 to 2027
Algeria's economic growth from 2025 to 2026: 4.5%, non-energy sector growth up to 5%
GDP: US$278.71 billion
Exports of goods: 50.9 billion USD
Imports of goods: USD 46.07 billion
Trade Balance: US$4.83 billion
Balance of Payments: USD 1.17 billion
Total budget revenues: about US$64 billion (tax revenues from the oil and gas sector will be about US$26 billion)
Expenditure: about US$126.2 billion (10% higher than 2024 expenditure)
Budget deficit: US$62.2 billion (more than 20% of expected GDP in 2025). The total deficit of the state treasury will be about 24.4% of GDP against 22.2% of GDP in 2024. In monetary terms, USD 69.3 billion versus USD 59.4 billion.
In addition, it is worth highlighting several major areas of planned budget spending in 2025:
Among the legislative initiatives, it is worth highlighting a proposal to reduce to 50 per cent of the current value of the corporate and personal income tax in the southern regions of the country - Timimoun, Janet, Tamanrasset, Adrar and some others - in order to stimulate economic activity in climatically difficult areas.
Source:Official Channel of the Trade Representation of Russia in Algeria
The draft budget assumes a market oil price of US$70 per barrel for the period from 2025 to 2027
Algeria's economic growth from 2025 to 2026: 4.5%, non-energy sector growth up to 5%
GDP: US$278.71 billion
Exports of goods: 50.9 billion USD
Imports of goods: USD 46.07 billion
Trade Balance: US$4.83 billion
Balance of Payments: USD 1.17 billion
Total budget revenues: about US$64 billion (tax revenues from the oil and gas sector will be about US$26 billion)
Expenditure: about US$126.2 billion (10% higher than 2024 expenditure)
Budget deficit: US$62.2 billion (more than 20% of expected GDP in 2025). The total deficit of the state treasury will be about 24.4% of GDP against 22.2% of GDP in 2024. In monetary terms, USD 69.3 billion versus USD 59.4 billion.
In addition, it is worth highlighting several major areas of planned budget spending in 2025:
- USD 5.34 billion for infrastructure construction, of which about USD 323 million is needed by the Ministry of Transport (including USD 58.8 million for investment projects in the transport sector)
- USD 1.42 billion in public investment projects-measures aimed at purchasing important groups of goods and maintaining their prices:
- USD 2.6 billion for the Algerian Inter-Sectoral Cereals Office (OAIC)
- US$751.8 million in favour of the National Intersectoral Bureau for Milk (ONIL),
- US$173 million to support the energy sector
- US$661.6 million for desalination projects, and money is set aside to increase the capital of the National Investment Fund (from US$1.1 billion to US$2 billion).
Among the legislative initiatives, it is worth highlighting a proposal to reduce to 50 per cent of the current value of the corporate and personal income tax in the southern regions of the country - Timimoun, Janet, Tamanrasset, Adrar and some others - in order to stimulate economic activity in climatically difficult areas.
Source:Official Channel of the Trade Representation of Russia in Algeria
