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The lower house of the Algerian parliament approves the draft budget law 2023-

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  Algeria s National People s Assembly or lower house of Parliament overwhelmingly approved the 2023 Budget Bill during a plenary session on Tuesday The bill proposes a series of measures aimed at boosting investment as part of a new budget approach focused on goals of greater efficiency and transparency the APS news agency reported The bill is based on US 60 as the reference price for a barrel of oil and US 70 as the market price The bill foresees an economic growth rate of 4 1 percent while inflation is set at 5 1 percent It also forecasts exports to reach 46 3 billion imports to 36 9 billion and foreign exchange reserves to 59 7 billion The bill will be submitted for debate and vote in the Council of the Nation or upper house of Parliament before being signed into law by the president Xinhua
The lower house of the Algerian parliament approves the draft budget law 2023-

National People

Algeria‘s National People’s Assembly, or lower house of Parliament, overwhelmingly approved the 2023 Budget Bill during a plenary session on Tuesday.

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The bill proposes a series of measures aimed at boosting investment, as part of a new budget approach focused on goals of greater efficiency and transparency, the APS news agency reported.

today's nigerian entertainment news

The bill is based on US$60 as the reference price for a barrel of oil and US$70 as the market price.

today's nigerian entertainment news

The bill foresees an economic growth rate of 4.1 percent, while inflation is set at 5.1 percent. It also forecasts exports to reach $46.3 billion, imports to $36.9 billion and foreign exchange reserves to $59.7 billion.

The bill will be submitted for debate and vote in the Council of the Nation, or upper house of Parliament, before being signed into law by the president. ■

(Xinhua)

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