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This study aims to explain the role of the financial policy in achieving economic stability, through this paper the method of Auto Regressive Distributed Lags models ARDL(p,q1,q2) was applied to build an econometric model for the impact of public expenditure on economic growth in Algeria. The results of the empirical study on the case of Algeria showed that public expenditure contribute to accelerate the rate of economic growth, and that it has a negative impact in the short and long term. [ABSTRACT FROM AUTHOR]