Implementation of public expenditure in the context of the modernization and reform of public finance in Algeria

A review of Law No. 23-07 concerning the Rules of Public Accounting and Financial Management

Authors

  • Miloud Hadj Amar University of Ghardaia, Algeria
  • Souilem Mohamed University of Ghardaia, Algeria

Keywords:

Public Expenditure, Budgetary Reform, Accounting Reform, Public Accounting, Financial Management

Abstract

This study aims to highlight the recent legal and regulatory reforms of the public accounting system in Algeria in line with the project to modernize the budgetary and accounting system based on managerial responsibility, performance evaluation, and transparency in the implementation of public expenditure and the management of public funds. The study found that Law No. 23-07 concerning the rules of public accounting and financial management is the new legal foundation for the transition from cash accounting to accrual accounting, by adopting financial accounting mechanisms as an accounting reference based on a three-dimensional accounting framework, and a State Accounting Plan (PCE) as a financial disclosure mechanism inspired by the International Public Sector Accounting Standards (IPSAS). Additionally, the establishment of an integrated information system (SIGB) accompanies the reform and ensures the efficiency of the new public management model, while also addressing the aspect of financial management represented by the role of agents responsible for execution and their new tasks and responsibilities in the field of public spending and financial management.

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Published

2024-09-07

How to Cite

Amar, M. H., & Mohamed, S. (2024). Implementation of public expenditure in the context of the modernization and reform of public finance in Algeria: A review of Law No. 23-07 concerning the Rules of Public Accounting and Financial Management. International Journal of Economic Perspectives, 18(6), 990–1007. Retrieved from http://ijeponline.org/index.php/journal/article/view/609

Issue

Vol. 18 No. 6 (2024)

Section

Peer Review Articles
Copyright & Licensing

Copyright (c) 2024 Miloud Hadj Amar, Souilem Mohamed

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