President Abdelmadjid Tebboune today signed into law the financial budget for 2026, marking the largest budget in Algeria’s history. The landmark financial plan totals over $135 billion, signaling a significant investment in the nation’s future.<\/p>\n
The signing ceremony, held at the Presidential Palace, was attended by key government officials and senior state representatives. This budget surpasses the 2025 budget of $128 billion, representing an $8 billion increase, and a substantial rise from the $113 billion allocated in 2024.<\/p>\n
Following the President’s signature, the 2026 financial law will be submitted to the General Secretariat of the Government for publication in the Official Gazette. The law is scheduled to take effect on January 1st.<\/p>\n
The 2026 budget prioritizes enhancing the purchasing power of citizens and improving living standards, with the aim of bolstering the domestic economy and ensuring the supply of essential goods. This focus aims to address concerns about the rising cost of living and its impact on Algerian families.<\/em><\/p>\n The new law also includes measures designed to stimulate investment and support businesses.<\/strong> These measures include simplifying tax procedures, encouraging the growth of startups, and providing assistance to exporters. The government aims to diversify the economy and reduce its reliance on hydrocarbons.<\/p>\n During parliamentary debates, Finance Minister Abderrahmane Raouya emphasized that the budget is designed to strengthen the national economy, particularly in sectors beyond oil and gas<\/em>. The government projects economic growth of 4.1% in 2026, 4.4% in 2027, and 4.5% in 2028, driven by anticipated performance in non-hydrocarbon sectors. This ambitious plan reflects Algeria’s commitment to sustainable and diversified economic development.<\/p>\n