JO N° 02/2026

Algeria Sovereign & Regulatory Diagnosis

Series: Journal Officiel Intelligence Briefings

Reference: BGD_SLB_JO_F2026002

Classification: Confidential / Executive Strategy

Overview

Journal Officiel N° 02 of 2026 is the definitive financial blueprint for the "Citadel Strategy." It operationalizes the 2026 Finance Law by distributing 16,861.5B DA in Commitment Authorizations (AE) and 17,636.7B DA in Payment Credits (CP).

This briefing provides an interpretive diagnostic for international boards, identifying how the state is centralizing liquidity and automating regulatory enforcement.

Key Intelligence Signals

• The Discretionary "Moat": Analysis of Executive Decree 26-28, which centralizes 2.12 Trillion DA under the Minister of Finance. We evaluate the "Political Arbitrage" risk where commercial project funds can be pivoted to social mandates without notice.
• The Energy Bifurcation: A technical breakdown of the financial separation between the Ministry of Hydrocarbons and the Ministry of Energy & ENR. Critical for JV partners managing hybrid (solar-oil) sites and navigating dual-tutelage friction.
• Digital Traçabilité (Jibaya’tic): Strategic assessment of the transition from relational compliance to algorithmic monitoring. We map the end of "negotiated tolerance" in tax and customs.
• The "Social Moat" as a Loi de Police: Why the 2.8+ Trillion DA allocation to Health and Education acts as a mandatory rule of public order, potentially overriding international commercial pricing models.

Executive Deliverables Included:

• Decision Prism: 3-point strategic directive for Finance, Legal, and Governance teams.
• Sectorial Impact Analysis: Specific risk/opportunity mapping for Energy, Finance, Health, and Infrastructure.
• Critical Timeline: Mapping of binding application dates for Q1 2026.
• Strategic Glossary: 20+ technical definitions including Milk Al-Ummah, Ordonnateur, and Tutelle Transition.

Target Audience

• General Counsel & International Law Firms
• Investment Committees (FDI)
• Compliance & Risk Officers
• Energy Sector Executives

Confidentiality Notice: This document is prepared for internal strategic analysis and board-level decision-making. Unauthorized distribution is strictly prohibited.