Revenue regulation fund: Available funds worth DZD 840 billion at end of 2016
APS - 09 January 2017
ALGIERS-The funds available in the Revenue Regulation Fund (FFR) has reached nearly DZD 840 billion at the end of December 2016, the Finance Minister Hadji Babaammi announced Monday.
The revenues available in the fund are made up of DZD 740 billion, which is a blocked fund representing the mandatory minimum balance since June 2016, and the surplus of oil taxes recorded in 2016 (DZD 98 billion), the minister said on the sidelines of the presentation of the bill on the 2014 budget regulation before the Committee on Finance and Budget at the People's National Assembly (Lower House).
"These funds will be used to cover the deficit in 2017," said the minister.