Algeria 2027 Budget Expands Wealth Tax as Hydrocarbon Revenues Decline

Algeria's draft 2027 finance law lowers the asset threshold for its wealth tax, extending 0.2%-1% rates to more wealthy individuals. This fiscal tightening comes amid declining hydrocarbon revenues, signaling a policy shift toward domestic taxation to offset energy income shortfalls. The move may face political resistance but reflects broader fiscal pressure on Algeria's state budget.