Algerian Financial Law 2011 Draft has been approved by the Council of Ministers and scheduled for adoption by Parliament end of December 2010.

Highlights:

  • The draft forcasts a GDP growth of 4%  and a 6% growth outside the Hydrocarbon sector
  •  An inflation of about 3.5%
  • No tax increase
  • An envelope of about 12 billion Euros allocated to economic development.