ALGIERS- Algeria strongly condemned Monday, through the spokesman of the ministry of Foreign Affairs, Abdelaziz Benali Cherif, the acts of sabotage against four ships near the territorial waters of the United Arab Emirates (UAE).

Monday, 13 May 2019

ORAN  (Algeria)- Two grey cement and white clinker export operations by the cement plant Lafarge Ciment of Oggaz, Mascara (361 km west of Algiers), to West Africa and Cameroon were carried out Sunday through the port of Oran, the industrial group said.

Monday, 13 May 2019

ALGIERS – University professor expert in international law, Zidane Salah Eddine on Wednesday in Algiers said that a "new approach" is needed in the handling of the 8 May1945 massacres committed by colonial France against the Algerians.


Wednesday, 08 May 2019 18:24

ALGIERS- Important decisions were taken Wednesday at a Council of Government meeting, chaired by Prime Minister Noureddine Bedoui, aimed at reducing the imports bill of the Completely Knocked Down (CKD) and Semi Knocked Down (SKD) kits meant for passenger car assembly, aw sell as the spare parts intended for the manufacturing of household appliances, the Prime Minister's office said.


Thursday, 09 May 2019 10:59

ALGIERS- The Public Economic Companies are subject to the control of the Court of Auditors, but in a different way than the administrative entities, which are subject to public accountability, Chair of the Court said Monday in Algiers.

These "companies are subject to the control of the Court of Auditors, in conformity with Article 192 of the Constitution, which provides for that the Court of Auditors is tasked with monitoring ‘the State’s market capitals’," he told APS.

 The "control of the companies, however, doesn’t involve their finances, the presentation of the accounts and their clearance in the same manner than the administrative entities, which are subject to public accountability," he added.

 In this regard, Benmarouf stressed that the revenues of the public commercial companies are regarded as private funds. Public funds are resources emanating from the Public Treasury in the benefit of public administrations, besides the subsidies granted to the public economic companies.

 According to him, the finance of public companies, such as Group Sonatrach, is private the oil group is a commercial company despite its public capital.

Created in 1976, the Court of Auditors ensures the regular and efficient use of public funds, promotion of transparency in the management of corporate finance and consolidation of the fight against fraud. It is composed of 170 magistrates and 45 financial auditors.

Out of 10,000 public accounts in Algeria, the Court examines annually 600 accounts at its eight national chambers and nine territorial chambers.

 The accounts of the ministries are annually examines under bill of the budget reform while the accounts of the local authorities are examined every three years.

The Court annually examines and clears accounts of the 600 communes. After three year period, the number of the examined communes’ accounts reached 1,541.

In the aftermath of the examination of the public funds, the Court drafts an annual report and a report on the budgetary reform


Monday, 06 May 2019 18:19


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