Algerian President Abdelmadjid Tebboune is continuing to prioritize improving citizens' purchasing power and dignity through a series of social measures. These measures include increases in wages, grants, and retirement pensions, as well as unemployment benefits. The latest move aims to protect citizens' purchasing power from the effects of rising prices. This approach is part of a broader social policy that seeks to support various segments of society while controlling markets and combating speculation.
The new measures will be implemented through a law that will increase wages starting in 2027. The President has confirmed that the increases will be implemented in accordance with the country's financial capabilities. The aim is to raise wages by 100% by the end of 2027. So far, wage increases have reached 47%, with the remaining 53% to be implemented in one or two stages. This decision is part of the President's policy to support household incomes and enhance their ability to cope with living costs.
The increases will benefit various social groups, including employees, retirees, and the unemployed. Around 2.8 million employees and over 1 million retirees have already benefited from previous wage increases. The government has also increased unemployment benefits and provided health coverage for those receiving these benefits. These measures are designed to improve living conditions and support those who rely on wages, grants, and pensions.
The President has emphasized that protecting citizens' purchasing power is a top priority, regardless of the cost to the public treasury. The government aims to expand social protection and improve income levels for vulnerable groups. The increases in wages and benefits are part of a broader effort to support economic development and improve citizens' living standards.
The decision to raise wages is closely linked to the issue of purchasing power, as improving citizens' nominal income depends on the market's ability to maintain price stability and provide goods and services. The President has stressed that any increases in wages must be carefully considered and aligned with the economic and financial situation to achieve a real impact on household incomes.
The government is also taking steps to combat speculation and control prices, particularly for subsidized goods. The President has confirmed that the state will continue to crack down on speculation and protect citizens' purchasing power. These efforts are part of a broader strategy to promote economic growth, improve living standards, and support vulnerable groups.
Since taking office, President Tebboune has implemented a series of social measures to support citizens, including programs to improve living conditions in marginalized areas. These initiatives aim to promote economic development, create jobs, and improve public services. The government's social policy is focused on supporting household incomes, controlling markets, and combating speculation to protect citizens' purchasing power.
Key points
- Algeria's President Abdelmadjid Tebboune has announced a 100% increase in wages by 2027 to boost citizens' purchasing power.
