Algeria 2027 Budget: Tax Changes and Revenue Drop

The Algerian government has approved the expansion of the wealth tax coverage in the 2027 finance law, lowering the minimum threshold for taxation from 100 million dinars to 80 million dinars, and establishing a rate ranging from 0.2% to 1% depending on the value of assets. Authorities expect revenue from wealth taxes to reach $4.73 billion next year. At the same time, revenue from the oil and gas sector will decline to 29.5% of the country's total income, based on a reference price of $60 per barrel, with an expected increase to $80 between 2027 and 2029. The 2027 budget is estimated at around $148 billion, with a projected economic growth of 4.2% and inflation at 4%. The budget does not include tax increases affecting citizens' purchasing power, following the president's directive not to impact citizens' pockets.

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