Algerian experts in economics and the Algerian Consumer Federation have praised President Abdelmadjid Tebboune's recent decisions regarding the 2027 finance law. The decisions include increasing wages and not introducing new taxes that would affect citizens' purchasing power. These moves are seen as a priority for the social aspect of economic policy, reflecting a clear economic and social strategy. The decisions are expected to have a positive impact on the country's economic activity.
The President of the Algerian Consumer Federation, Zaki Hariz, welcomed the President's decisions, stating that they align with his commitments to Algerian citizens. Hariz emphasized that the increase in wages and the protection of purchasing power would stimulate consumption and economic growth. He also highlighted the importance of these decisions in supporting the national economy, creating jobs, and reducing unemployment.
International economic development advisor, Abdurahman Hadif, noted that the 2027 finance law project represents a significant step in translating Algeria's economic and social choices. He emphasized that the law aims to balance protecting purchasing power and improving living standards with supporting productive investment and diversifying the economy. Hadif also highlighted the positive impact of increasing wages and not imposing new taxes on low- and middle-income earners.
Economist Professor Abdelkader Breich noted that the President's decisions on wage increases and no new taxes have clear economic and social implications. He stated that these decisions align with the President's commitment to completing wage increases starting in 2027 and prioritizing purchasing power protection and combating speculation. Breich also emphasized that the increase in wages would support consumption and internal demand, boosting economic activity.
The experts also highlighted the importance of these decisions in supporting low- and middle-income earners. They noted that the increase in wages would lead to a rise in disposable income, which would, in turn, stimulate consumption and economic growth. Additionally, the decision not to introduce new taxes would allow households to retain a larger portion of their income, reinforcing the positive impact of the wage increases.
President Tebboune's decisions also reflect a commitment to social policy, which is closely tied to the state's economic capacity and the performance of the national economy. The experts noted that the key takeaways from these decisions are the three clear priorities: increasing wages, not increasing tax pressure on middle- and low-income earners, and continuing to protect purchasing power.
The President's decisions have been welcomed by various stakeholders, who see them as a positive step towards supporting Algerian citizens and promoting economic growth. The implementation of these decisions will be closely watched, as they are expected to have a significant impact on the country's economic and social landscape. Key points: wage increases to support purchasing power, no new taxes on low- and middle-income earners, and a focus on social policy and economic growth.
