On October 3, 2026, Algerian President Abdelmadjid Tebboune held his periodic media meeting, where he addressed various issues concerning the nation. During the meeting, President Tebboune expressed his commitment to increasing salaries starting from 2027. He emphasized that he is determined to implement this decision, which he described as a challenging but necessary one. This move aims to alleviate the financial burden on Algerian citizens and improve their standard of living.
President Tebboune also discussed the country's economic situation, stating that Algeria's economic growth rate is expected to exceed 3.8% and possibly reach 4.1%. He attributed this growth to the government's efforts to diversify the economy and promote investment. The President also mentioned that the country's GDP may surpass $400 billion in the first quarter of 2027. This projection indicates a positive trend in Algeria's economic development.
In addition to economic issues, President Tebboune addressed the topic of price hikes. He stated that he has given instructions to the government to take measures to reduce prices, which are expected to decrease starting from the next day. The President emphasized that any issue affecting the Algerian people is of great concern to him. He also noted that most farmers are not responsible for the price increases, and those who are will be held accountable.
President Tebboune also touched on the topic of Algeria's relations with other countries. He mentioned that the country will not backtrack on its decisions, citing the example of the severed relations with the United Arab Emirates. According to the President, the situation had reached a critical point, and Algeria had to take a firm stance. He also expressed his support for the people of Niger, emphasizing that Algeria will protect them regardless of the circumstances.
During the meeting, President Tebboune highlighted the importance of the Algerian diaspora. He stated that the country benefits greatly from its citizens living abroad, who contribute significantly to the nation's development. The President encouraged Algerians living abroad to maintain strong ties with their homeland and participate in its growth.
President Tebboune also discussed the issue of inflation, stating that Algeria will not return to the stage of inflated bills. He emphasized that the government is working to stabilize prices and control inflation. The President's statements indicate a commitment to improving the economic situation and protecting the purchasing power of Algerian citizens.
Finally, President Tebboune reiterated his commitment to protecting the interests of the Algerian people. He emphasized that anyone who affects the people will be dealt with firmly. The President's statements during the media meeting demonstrate his efforts to address various challenges facing the country and improve the lives of Algerian citizens.
Key points
- Algerian President Abdelmadjid Tebboune commits to increasing salaries starting from 2027.
- Algeria's economic growth rate is expected to exceed 3.8% and possibly reach 4.1%.
- President Tebboune emphasizes his commitment to protecting the interests of the Algerian people.
