12 Hrs
Source:
الشرق الأوسط
Plan for 2027: higher wages and cost of living
The main aim of the article is to clarify the realism of Algerian President Abdelmadjid Tebboune's announcement that Algeria's gross domestic product (GDP) will reach 400 billion dollars by 2026. This figure surpasses government expectations and exceeds the projections of the International Monetary Fund (IMF). The article discusses the economic forecasts underlying these claims, such as the estimated annual growth rate between 4.01 and 4.02 percent, and the figures related to salary increases announced by Tebboune, which range between 47 and 53 percent. It also highlights the government's calls to avoid imposing additional taxes to protect citizens' purchasing power. The article emphasizes that reaching this figure would require an extraordinary growth rate of nearly 40 percent within a single year, which is considered unrealistic by the IMF, which projects a real growth of about 3.8 percent in 2026. This discrepancy raises questions about the plausibility of the announced numbers. Additionally, the article sheds light on the government's efforts to combat inflation and market monopolies, as well as its desire to improve consumers' purchasing power. President Tebboune also stressed that the rise in product prices is unjustified despite the supply shortages caused by the July fires.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)