Algerian President Abdelmadjid Tebboune held a press conference on October 3, 2026, where he discussed the country's economic situation and future plans. He mentioned that the government will increase salaries starting 2027. The president emphasized that his administration is committed to improving the standard of living for Algerians. He also highlighted the country's economic growth, stating that it will exceed 3.8% and possibly reach 4.1%.
During the press conference, President Tebboune addressed the issue of inflation, stating that the government will work to reduce prices. He mentioned that he has given instructions to the government to take necessary measures to control inflation, and that prices will decrease starting the next day. The president also discussed the role of farmers in the country's economy, stating that most farmers are not responsible for the rise in prices.
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 recent cut in relations with the United Arab Emirates. The president stated that the decision was made because the situation had reached a critical point. He also emphasized Algeria's commitment to protecting its interests and those of its people.
The president discussed Algeria's economic prospects, stating that the country's GDP may exceed $400 billion in the first quarter of 2027. He expressed optimism about the country's economic future, citing the growth rate and the government's efforts to improve the business climate. President Tebboune also highlighted the importance of the diaspora community in contributing to the country's development.
President Tebboune emphasized his commitment to protecting the country's interests and those of its people. He stated that anyone who affects the people of Algeria will be dealt with firmly. The president also expressed his support for the people of Niger, stating that Algeria will protect them regardless of the circumstances.
The press conference also touched on the topic of Algerians living abroad. President Tebboune stated that the country benefits from the expertise and experiences of its diaspora community. He encouraged Algerians living abroad to contribute to the country's development and to invest in their home country.
The president concluded the press conference by reiterating his commitment to improving the standard of living for Algerians. He emphasized that his administration is working to address the country's challenges and to ensure a brighter future for its people. The president's statements were met with optimism by many Algerians, who are hopeful about the country's economic prospects.
Key points
- Algerian President Abdelmadjid Tebboune announces plans to increase salaries starting 2027.
- The president forecasts economic growth exceeding 3.8% and possibly reaching 4.1%.
- Algeria's GDP may exceed $400 billion in the first quarter of 2027.
