Algiers - The Director General (DG) of the Treasury and the Accounting Management of Financial Operations of the State at the Ministry of Finance, Hadj Mohamed Sebaa, announced that the value of ongoing investments in the public treasury stands at nearly 5,970 billion DZD ($44.6 billion), benefiting 11 economic sectors.
Speaking before the Finance and Budget Commission of the National People's Assembly (APN) during the review of the finance bill (PLF) for 2025, chaired by Mohamed Hadi Osama Arbaoui, President of the Commission, Mr. Sebaa revealed that the treasury investments, provided as credits to various public organizations, have reached 5,969.12 billion DZD ($44.6 billion). These funds are dedicated to financing 267 projects across 11 economic sectors.
Various public organizations, such as the National Railway Transport Company (SNTF), the National Bank and Transfers Agency (ANBT), the Algerian Highway (ADA), the Algiers metro company, Sonelgaz, and seawater desalination companies, have benefited from these credits, according to Mr. Sebaa.
The primary goal of the Treasury through these investments is to ensure the completion of existing projects and initiate new ones that address the country's development needs, enhancing fundamental infrastructure in crucial sectors, the speaker added.
Regarding the state budget expenditure, Mr. Sabaa highlighted a substantial 34% increase in the first half of 2024 compared to the previous year, reaching 6,946 billion DZD ($51.9 billion). This surge was driven by rises in staff expenses, investment costs, and transfer outlays, which escalated by 365 billion DZD ($2.7 billion), 543 billion DA ($4 billion), and 490 billion DZD ($3.6 billion) respectively compared to the first half of 2023.
Mr. Sabaa projected that the implementation rate of public spending would surpass 90% by the end of 2024, an enhancement from the 80% expenditure implementation rate in 2023 as per the 2024 finance law revisions.
Regarding the 2025 finance bill provisions concerning the Treasury and Accounting, Mr. Sabaa elaborated that they primarily focus on bolstering the State's capacity to finance strategic projects and infrastructure, supporting economic activities, diversifying financial products, enhancing the financial stability of the National Investment Fund (FNI), backing the pension system, ensuring its sustainability, undertaking digital transformation, and improving governance.
The objectives also include supporting significant development initiatives, broadening funding opportunities, and reinforcing the state's capability to execute priority projects aimed at fostering socio-economic development.
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