2025 Finance Act to position Algeria as major player

ALGIERS — The Speaker of the Council of the Nation (upper house of Parliament), Salah Goudjil, affirmed on Saturday that the 2025 Finance Act, which has been passed by both parliamentary houses, fulfills all the commitments of the President of the Republic and will position Algeria as a major economic and political player.

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In a speech delivered following a plenary session he chaired at the upper house, dedicated to voting on the 2025 Finance Act, Goudjil noted that the legislation, coinciding with the commemoration of the 70th anniversary of the outbreak of the glorious Revolution and the start of President Abdelmadjid Tebboune's second presidential term, “fulfills all President Tebboune's commitments — both past and future —marking the beginning of a new era that will position Algeria as a major economic and political player.”

Goudjil further said that every provision in the adopted Finance Act “reflects the November 1st principle of “By the people and for the people,” which is a source of pride.”

He added that the President of the Republic's current term focuses on securing growth, economic independence and self-sufficiency — factors that will bolster political decision-making and preserve its independence.

According to Goudjil, Algeria is going through a key period marked by worldwide instability, in which the November reference proves crucial, as the President of the Republic underscored since taking office in his first term.

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