ALGIERS – The Algerian Council of the Nation (Senate) today overwhelmingly approved the 2026 Finance Law. The legislation includes a series of measures designed to promote investment, support economic activity, and bolster the purchasing power of citizens.
The approval took place during a public session presided over by Council President Azzouz Nasseri. Minister of Finance Abdelkrim Boualzerd, along with other members of the government, were in attendance.
The 2026 Finance Law is expected to play a crucial role in Algeria’s economic strategy for the coming years. Key provisions focus on incentivizing both domestic and foreign investment through tax breaks and streamlined bureaucratic processes. The government aims to diversify the economy away from its reliance on hydrocarbons and foster growth in sectors such as agriculture, manufacturing, and technology.
Furthermore, the law addresses concerns about the rising cost of living. Measures are included to provide targeted support to vulnerable segments of the population and to regulate prices on essential goods. The government has emphasized its commitment to ensuring that economic growth translates into tangible benefits for all Algerians.
The passage of the 2026 Finance Law marks a significant step in Algeria’s efforts to achieve sustainable economic development and improve the living standards of its citizens. The government will now focus on implementing the law effectively and monitoring its impact on the economy.
