Algeria's government has approved the 2027 finance law, which includes measures to increase salaries and protect the purchasing power of citizens. According to Dr. Yassine Khalouf, an economist at the University of Tlemcen, the law is a key step towards achieving social justice and fiscal sustainability. The law was approved in line with President Abdelmadjid Tebboune's commitment to continue raising salaries and pensions, while ensuring that the economy remains stable.
Dr. Khalouf noted that the president's decision to increase salaries and pensions is a significant step towards protecting the purchasing power of citizens. He emphasized that the increase in salaries must be accompanied by measures to control inflation and ensure that the economy remains stable. The government's decision to exempt the middle class and low-income earners from new taxes is also seen as a positive step towards protecting their purchasing power.
The 2027 finance law is part of a broader strategy to promote economic growth and social justice in Algeria. According to Dr. Khalouf, the law aims to promote investment, create jobs, and improve the business climate. The government is also investing in infrastructure projects, such as the North-South railway line, which will connect Algiers to Tamenrasset and improve transportation links between the north and south of the country.
The North-South railway line is seen as a key project that will boost economic growth and create jobs. Dr. Khalouf noted that the project will reduce transportation costs, facilitate the movement of people and goods, and promote investment in the southern regions of the country. The project is being financed by the African Development Bank, which has approved funding for the section between El Meniaa and Tamenrasset.
The 2027 finance law also aims to promote economic diversification and reduce Algeria's dependence on hydrocarbons. According to Dr. Khalouf, the government is promoting investment in sectors such as agriculture, industry, and services, which will help to create jobs and boost economic growth. The law also includes measures to support small and medium-sized enterprises, which are seen as key drivers of economic growth.
Dr. Khalouf emphasized that the government's commitment to social justice and fiscal sustainability is reflected in the 2027 finance law. He noted that the law aims to balance the needs of different social groups, while ensuring that the economy remains stable and sustainable. The government's decision to prioritize social justice and fiscal sustainability is seen as a positive step towards promoting economic growth and improving living standards in Algeria.
The approval of the 2027 finance law is seen as a significant step towards achieving Algeria's economic and social development goals. According to Dr. Khalouf, the law will help to promote economic growth, create jobs, and improve living standards in Algeria. The government's commitment to social justice and fiscal sustainability is reflected in the law, which aims to balance the needs of different social groups while ensuring that the economy remains stable and sustainable.
Key points
- The 2027 finance law aims to balance social justice and fiscal sustainability in Algeria.
- The law includes measures to increase salaries and protect the purchasing power of citizens.
- The government is promoting investment in sectors such as agriculture, industry, and services to boost economic growth.
