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March 10, 2026 | 2 months ago

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Financial governance and budget transparency: The pillars of economic stability

Financial governance and budget transparency are the pillars of a country's economic stability. This was explained on Monday by officials from the Ministry of Finance at the Radio Forum.

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Financial governance is an essential pillar for underpinning economic development and ensuring effective public finance management. The adoption of mechanisms to facilitate development programs and investments, streamline public spending, strengthen public accounting, and ensure transparency and accountability. During a forum organized by Algerian radio, officials from the Ministry of Finance emphasized that financial governance encompasses all procedures and mechanisms for managing public resources transparently, efficiently, and responsibly.

They also reiterated that the budgetary process consists of two main stages: the preparation of the finance bill and the budget settlement bill, which enables the actual execution of expenditure and revenue to be assessed. The latter is an essential tool for analyzing the effectiveness of public policies and improving future budget planning. The Treasury plays a central role in this system, ensuring the collection of revenues, the payment of expenditures, the maintenance of public accounts, and the management of the State's cash flow. Through these tasks, it ensures that expenditures comply with authorized appropriations and contribute to financing priority economic and social projects.

March 10, 2026 | algeria-logo

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