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July 20, 2025 | 6 months ago
President of the Republic: All Algeria's economic indicators are green
ALGIERS-The President of the Republic, Mr. Abdelmadjid Tebboune, has affirmed that the national economy continues to perform well, stressing that all Algeria's economic indicators are in the green: lower inflation, higher foreign exchange reserves and no foreign debt.
During his interview with national media, the President of the Republic stated that Algeria is expected to achieve at least 4% economic growth, driven by investments, job creation, and a dynamic agricultural sector. He highlighted a significant reduction in inflation and the absence of external debt, pointing out that the country’s economic indicators are improving despite some negative interpretations.
Responding to IMF recommendations, the President emphasized that Algeria adapts such advice to its specific context as a social state, noting that budget deficits are common worldwide and not necessarily a sign of weakness.
Despite falling oil prices, no austerity measures are planned. The government aims for efficient management and well-defined priorities, while strengthening national production and diversifying the economy to reduce dependence on hydrocarbons.
Social transfers, estimated between $13 and $14 billion annually, continue without causing an economic deficit. Essential consumer goods remain subsidized, ensuring stability and food security.
The President also addressed efforts to integrate the informal economy through micro-imports and entrepreneurship, promoting transparency and supporting growth. Regarding the automotive industry, several major brands are preparing to launch local production with high integration rates. He hailed the progress made while insisting on the creation of a genuine national network of subcontractors, thus breaking with past practices.
In agriculture, Algeria is undergoing a deep transformation. Farming is now a major economic sector. For the first time in 63 years, the country has achieved self-sufficiency in durum wheat and is working toward the same goal with other cereals. Lastly, in response to climate challenges, Algeria is turning to wastewater treatment through a national program supported by start-ups.
July 20, 2025 | 
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