Highlights

Parliament Approves 2008 Finance Bill

27/12/2007
Parliament Approves 2008 Finance Bill

In a plenary session held on Wednesday, December 28th, 2007, Parliament voted in favour of the 2008 Finance Bill, with a majority of 68 votes and 3 abstentions.  

In a plenary session, Parliament also approved with a majority a bill superseding Act 339 pertaining to the insurance code. The bill was proposed by Mr. Mezouar, Minister of Economy and Finance.

It must be noted that The 2008 Finance Act was drafted on the basis of a 6.8% growth rate, an inflation rate of less than 2% and crude oil prices of $ 75 US/a barrel.