On October 3, 2026, Algerian President Abdelmadjid Tebboune participated in a regular media briefing, where he discussed various economic issues and future plans for Algeria. During the conference, President Tebboune emphasized his commitment to improving the living standards of Algerians. He mentioned that he had given instructions to the government to take necessary measures to reduce prices, starting from the next day. This move aims to alleviate the financial burden on citizens and enhance their purchasing power.
President Tebboune highlighted that Algeria will not return to the stage of inflated bills and assured citizens that he is committed to raising wages starting from 2027. He expressed his determination to see this decision through, emphasizing that it is a firm commitment. The President's statement reflects his efforts to address the concerns of the Algerian people, particularly in regards to economic stability and growth.
The President also touched on the issue of agricultural prices, stating that most farmers are not responsible for the recent price hikes. He encouraged those who have the means to take charge of their own affairs, implying that the government will not tolerate profiteering at the expense of citizens. This statement demonstrates President Tebboune's efforts to promote fairness and transparency in the agricultural sector.
In addition to domestic issues, President Tebboune discussed Algeria's relations with other countries, including the United Arab Emirates. He stated that Algeria will not backtrack on its decisions, citing the example of cutting ties with the UAE. According to President Tebboune, the situation had reached a critical point, and Algeria had to take a firm stance.
President Tebboune provided an optimistic outlook on Algeria's economic growth, predicting that the country's economy will grow by more than 3.8%, potentially reaching 4.1%. This projection is a positive indicator of Algeria's economic prospects, suggesting that the country is on the path to recovery and growth.
The President also expressed his commitment to protecting the Niger region, stating that Algeria will defend it regardless of the circumstances. He emphasized the importance of solidarity and cooperation, highlighting that everyone, regardless of their background, is welcome and will be protected. This statement demonstrates Algeria's dedication to regional stability and security.
Finally, President Tebboune mentioned that Algeria's GDP is expected to exceed $400 billion in the first quarter of 2027. He also emphasized the importance of the diaspora community, stating that Algeria benefits from its sons and daughters who have lived abroad. This statement highlights the significant role that Algerians abroad play in the country's development and growth.
Key points
- Algerian President Abdelmadjid Tebboune commits to raising wages starting from 2027.
- Algeria's economy is expected to grow by more than 3.8%, potentially reaching 4.1%.
- President Tebboune emphasizes Algeria's commitment to protecting the Niger region.
