Algerian President Abdel Majid Tebboune recently addressed the media, discussing various domestic and international issues. During the address, President Tebboune emphasized Algeria's commitment to maintaining its independence in international relations, stating that the country is respected by the international community for its stance. He highlighted the country's economic growth, citing a projected annual growth rate of 4.01-4.02%, driven by solid economic fundamentals.
President Tebboune reaffirmed his commitment to increasing salaries, starting in 2027, as previously announced. He stated that the government aims to complete 53% of the salary increases and reiterated his commitment to implementing this decision, either in one installment or two, depending on the circumstances. The President also emphasized the government's efforts to protect the purchasing power of citizens, citing the country's solid economic foundations, which enable it to achieve good growth rates.
The President discussed the recent fires that affected several provinces in Algeria, resulting in significant damage. He reported that the government has provided compensation to affected individuals, with a total value of nearly 1200 billion centimes. President Tebboune also revealed that investigations have shown that many of these fires were intentionally set, with some individuals exploiting mentally challenged people to ignite the fires.
President Tebboune highlighted the progress made in various investment projects, including the integrated phosphate project. He noted that work on the railway line related to the project is nearing completion, with an expected finish date by the end of 2026. The President also mentioned the expansion of the Annaba port, which is part of the integrated phosphate project, and is expected to be completed by the end of 2027.
The President discussed the issue of corruption, stating that it has decreased significantly due to the implementation of digitalization. He emphasized that digitalization has enabled the detection of various irregularities and practices, and that those who engage in corrupt activities will be punished. President Tebboune also encouraged young people to participate in the electoral process, particularly in the upcoming local elections.
President Tebboune expressed his satisfaction with the country's economic performance, citing a projected GDP of $400 billion by the end of 2026 or early 2027. He attributed this growth to the country's investment drive, which has resulted in thousands of projects across the country. The President also highlighted Algeria's openness to Arab investment, stating that the country has removed barriers to encourage foreign investment.
Finally, President Tebboune emphasized Algeria's commitment to promoting peace and stability in the region. He stated that the country is respected by the international community for its role in promoting peace and stability. The President's address highlighted the government's efforts to address various domestic and international challenges, and to promote economic growth and social welfare.
Key points
- Algerian President Abdel Majid Tebboune outlines key policy initiatives, including economic growth, social welfare, and investment projects.
- President Tebboune reaffirms commitment to increasing salaries and protecting purchasing power of citizens.
- Algeria aims to achieve a GDP of $400 billion by the end of 2026 or early 2027.
