2027 finance bill targets parallel market money, minister says

Finance Minister Mohamed Lamine Labo told a session of the People's National Assembly (APN) that the 2027 finance bill aims to draw in money from the parallel market.

According to Awras, the bill also aims to widen public income and limit the effects of rising inflation seen around the world. The minister said the state wants to keep prices stable and protect buying power.

The minister said the state will keep subsidies on basic goods and widely used services to limit speculation and monopoly. Other steps include rebuilding wholesale markets, tighter market checks, strategic stock reserves and digital checks with early warning systems.

The bill also includes measures to encourage productive investment and support sectors outside oil and gas, especially new businesses. The minister said this would widen the economic and tax base without raising tax rates.

The minister said the bill gives priority to faster completion of large economic projects in mining, transport, industry, farming and food processing.

For households on lower incomes, the minister said the bill aims to protect buying power while public spending is made more efficient.

Tax measures include better tax collection, a more effective tax administration and a fight against tax evasion, the minister said. He also said the state will improve checks and make taxpayers follow tax rules more closely.

Awras reported that debates and amendments have touched several articles, mainly on taxes, tax checks and buying power.

According to the announced parliamentary programme, the vote on the bill is set for Monday, 16 November, at 09:00, in a plenary session.