2010-12-30
Algerian President Abdelaziz Bouteflika on Wednesday (December 29th) signed the 2011 Finance Act, APS reported. The new budget is based on a $37 per barrel crude oil price and 3.5% inflation rate. It provides for an economic growth rate of 4%. The 2011 budget introduces new tax incentives aimed at encouraging investment. Certain tax breaks benefit particular sectors, such as Algeria's milk industry.
Source: Magharebia.com.
Link: http://www.magharebia.com/cocoon/awi/xhtml1/en_GB/features/awi/newsbriefs/general/2010/12/30/newsbrief-04.
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