Algerian government seeks to reduce dependence on hydrocarbons
By the AFREEQUE newsroom, based on Maghreb Emergent
Algerian Finance Minister Lamine Lebbou called during debate on the 2027 finance bill for diversification of sources of growth to gradually reduce dependence on oil revenues. He notably highlighted support for emerging businesses, according to Maghreb Emergent.
Non-hydrocarbon revenues are expected to account for more than 71% of Algeria's projected state revenues in 2027, according to data presented by Finance Minister Lamine Lebbou during debate on the 2027 finance bill at the People's National Assembly (APN) on 5 November 2027. The government thus wants to diversify public resources and gradually reduce dependence on oil taxation.
Lamine Lebbou also defended support for emerging businesses and a productive economy to broaden sources of growth, amid volatility in hydrocarbon prices, Maghreb Emergent reports. The economic forecasts presented during the debate also project growth of 4.2% in 2027.
