Algerian President Abdelmadjid Tebboune has issued a stern warning against speculators and corrupt practices that have led to shortages and price hikes of essential goods. Speaking at the opening of the 2026-2027 judicial year in Algiers, Tebboune vowed to introduce stricter laws to combat these practices, which he said threaten the country's social fabric. He emphasized that the majority of honest citizens suffer at the hands of a corrupt minority.
Tebboune called on judges to adapt to the current challenges facing Algeria, including the proliferation of greed and illicit enrichment. He urged the judiciary to play a crucial role in putting an end to these corrupt practices, which he said undermine the country's social cohesion. The President emphasized that protecting vulnerable and middle-class citizens is a duty towards the country's martyrs.
The Algerian economy is moving towards total liberalization, while maintaining its social character, Tebboune said. He stressed the need to strike a balance between economic openness and rigorous control. However, he lamented that every time the state attempts to open up economically, gangs emerge to try to impose themselves.
Tebboune accused these gangs of artificially creating shortages and attacking citizens and young people through drug trafficking. He recalled that measures have already been taken, including the reopening of Tanezrouft prison and the reintroduction of the death penalty. The President warned that if these practices continue, new, stricter laws will be introduced.
The President expressed appreciation for the efforts of the judiciary in combating corruption and praised the progress made in implementing reforms. He noted that Algerian legislation serves as an example for many countries. Tebboune also emphasized that there is no room in Algeria for practices that prevailed during the "Issaba" era, such as disrespect for the law or abuse of power.
Tebboune's warning comes amid concerns about the impact of speculation and price hikes on Algerian citizens. The country's authorities have been working to address these issues, including introducing a triple control system for imports. The President's commitment to protecting vulnerable citizens and promoting economic openness while maintaining social cohesion reflects the government's efforts to address these challenges.
The Algerian government faces the task of balancing economic liberalization with social protection. Tebboune's call for stricter measures against speculation and corruption highlights the need for effective solutions to address these issues. The country's progress in implementing reforms and combating corruption will be closely watched by citizens and international observers alike.
Key points
- Algerian President Abdelmadjid Tebboune warns of stricter laws to combat speculation and price hikes.
- The President denounces corrupt practices that threaten the country's social fabric.
- Tebboune emphasizes the need to protect vulnerable and middle-class citizens.
