The Algerian government has unveiled its 2027 budget plan, which allocates 17.882.6 billion dinars ($147.8 billion) for development projects, job creation, and social spending. The budget plan, which was published in the local newspaper Echorouk El Yawmi, aims to stimulate economic growth and create new job opportunities. The budget plan also forecasts a 4.2% economic growth rate for 2027 and a 5.3% growth rate for the construction sector between 2027 and 2029.
The budget plan includes a significant allocation for job creation, with 125,675 new jobs expected to be created in 2027. This includes 82,940 new financial positions, with the education sector set to benefit from 46,223 new jobs and the health sector from 28,329 new jobs. The government also plans to fill 42,727 vacant positions, bringing the total number of new jobs to be created to 125,675.
The budget plan also includes a significant allocation for social spending, with 5.916.8 billion dinars ($4.9 billion) set aside for user expenses, including salaries and benefits. The government's wage bill is expected to reach 6.087 billion dinars ($5.1 billion) in 2027, representing a 2.7% increase from 2026. The budget plan also includes 4.415.35 billion dinars ($3.7 billion) for transfers, including 355.84 billion dinars ($300 million) for the National Pension Fund.
The government's economic growth strategy is based on a set of assumptions, including an oil price of $80 per barrel and a stable exchange rate of 121 dinars to the dollar. The budget plan also forecasts a 2.3% annual growth rate in expenditures between 2027 and 2029. The government's investment plans include 2.856.07 billion dinars ($2.4 billion) for new projects and 296.71 billion dinars ($250 million) for project reassessments.
The budget plan also includes significant investments in the housing sector, with 1 million new housing units expected to be built by 2027. This includes 140,000 public housing units, 25,000 subsidized housing units, and 600,000 rural housing units. The government has also allocated 838 billion dinars ($700 million) to service public debt.
The government's budget plan is based on a cautious approach to economic management, with a focus on stimulating growth while maintaining fiscal stability. The budget plan also includes measures to support small and medium-sized enterprises and to promote private sector growth.
Overall, the 2027 budget plan reflects the government's commitment to creating new job opportunities, stimulating economic growth, and improving living standards for Algerians. The budget plan's success will depend on the government's ability to implement its plans and to manage the economy effectively.
Key points
- The Algerian government's 2027 budget plan allocates $147.8 billion for development projects, job creation, and social spending.
- The budget plan includes a significant allocation for job creation, with 125,675 new jobs expected to be created in 2027.
- The government's wage bill is expected to reach 6.087 billion dinars ($5.1 billion) in 2027, representing a 2.7% increase from 2026.
