Major ambitions backed by equally significant means… The Algerian Parliament approved on Thursday, December 4, the 2026 Finance Bill (PLF), a text adopted by a majority in the Council of the Nation (Senate). The public funding allocated is colossal and unprecedented: 135 billion dollars.
The next and final step is the signing and promulgation of the document by the Head of State, Abdelmadjid Tebboune. As tradition dictates, all procedures will be completed before the end of 2025, and the decisions will take effect on January 1 of next year.
During Thursday’s Senate vote, the president of the Council of the Nation, Azouz Nasri, welcomed the adoption of a “record budget exceeding 17 trillion dinars, the equivalent of 135 billion dollars… This text fully aligns with the ongoing policy of recovery and virtuous renaissance” driven by President Tebboune.
The latter, Nasri added, “has demonstrated a firm commitment to achieving comprehensive and sustainable development through large-scale, structuring national projects for which the necessary resources have been allocated.”
The Senate leader cited a “vast housing program including the construction of thousands of units under various schemes; the Gara Djebilet iron ore project and the Tindouf–Béchar mining railway; the connection of the port of Annaba to the Djebel Onk region (Tébessa); the trans-Saharan highway; the 1,000 MW solar project; the Bellara steel complex; seawater desalination plants; as well as the Sidi Abdellah technopole, among others.”
During discussions, Finance Minister Abdelkrim Bouzerd responded to senators’ criticisms and questions regarding the volume of domestic public debt, which has risen to “17 trillion dinars, directed toward investments with economic returns.”
The minister argued that 2,500 billion Algerian dinars (DA) from this national borrowing program are being used to subsidize projects “reinforcing the electricity network carried out by Sonelgaz, as well as seawater desalination plants, which have had a significant impact on development.” It is worth recalling that the country added five new desalination plants in 2025, an investment exceeding 2 billion dollars.
Based on an oil price benchmark of 60 dollars per barrel, the 2026 Finance Bill forecasts expenditures of 17,636.7 billion DA and budget revenues of 8,009 billion DA, including 2,697.9 billion DA in oil tax revenues, and projects a growth rate of 4.1%.
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