2027 Finance Bill: Economic Indicators and Budgetary Priorities

The National People's Assembly has begun deliberations on the 2027 Finance Bill, which projects an economic growth rate of 4.2% for 2027, expected to rise to 4.7% by 2029. The budget estimates are based on a reference oil price of $60 per barrel (with a market price of $70) and an exchange rate of 131 dinars per dollar.

Total public expenditure is projected at 17.882 trillion dinars in 2027, against anticipated revenues of 9.251 trillion dinars. Sectoral forecasts highlight growth in agriculture, industry, and construction, despite an expected short-term contraction in the hydrocarbons sector. The government's strategy prioritizes non-hydrocarbon economic growth, the protection of purchasing power through continued subsidies on essential goods, and a commitment to avoiding new taxes on low-to-middle-income groups. The bill also emphasizes investments in healthcare, education, and digital transformation.