Algerian President Abdelmadjid Tebboune held a press conference on October 3, 2026, where he discussed the country's economic situation and outlined his government's plans. He emphasized his commitment to improving the living standards of Algerians, citing plans to raise wages starting in 2027. The President expressed his determination to protect the interests of the Algerian people, stating that any decision affecting them directly impacts him personally.
During the conference, President Tebboune addressed the issue of high prices, instructing his government to take measures to reduce costs effective immediately. He claimed that most farmers were not responsible for the price hikes, and those who were would be held accountable. The President also touched on the country's economic growth, predicting a growth rate of over 3.8%, potentially reaching 4.1%.
President Tebboune discussed Algeria's economic relations with other countries, including the United Arab Emirates. He stated that Algeria's decision to sever ties with the UAE was not taken lightly, but was necessary, emphasizing that once a decision is made, it is not retracted. The President also highlighted Algeria's economic prospects, forecasting that the country's GDP could exceed $400 billion in the first quarter of 2027.
The President expressed his support for the people of Niger, emphasizing Algeria's commitment to protecting the country. He also acknowledged the contributions of Algerians living abroad, stating that they play a significant role in the country's development. President Tebboune's government aims to harness the expertise and experiences of diaspora communities to drive growth.
President Tebboune's economic plans focus on sustainable growth and improving living standards. He emphasized that Algeria will not return to a stage of inflated bills and unchecked price hikes. The President's government aims to create a stable economic environment, encouraging investment and development.
Algeria's economic growth is expected to be driven by various sectors, including agriculture and industry. President Tebboune's administration aims to support farmers and local producers, ensuring that they can operate efficiently and contribute to the country's food security. By promoting domestic production, the government hopes to reduce reliance on imports.
President Tebboune concluded his press conference by reiterating his commitment to the Algerian people and his government's efforts to address their concerns. He emphasized that his administration is working tirelessly to create a brighter future for the country, driven by the principles of justice, equality, and prosperity for all.
Key points
- Algerian President Abdelmadjid Tebboune commits to raising wages starting in 2027.
- President Tebboune predicts Algeria's economic growth rate to exceed 3.8%, potentially reaching 4.1%.
- The President aims to reduce prices and control inflation, effective immediately.
