https://en.sputniknews.africa/20241125/algerian-president-signs-budget-law-with-economy-expected-to-grow-by-45-in-2025-2026-1069402147.html
Algerian President Signs Budget Law With Economy Expected to Grow by 4.5% in 2025-2026
Algerian President Signs Budget Law With Economy Expected to Grow by 4.5% in 2025-2026
Sputnik Africa
According to the World Bank, the Algerian economy increased by 3.9% in the first half of 2024 compared to the same period last year; the inflation rate went... 25.11.2024, Sputnik Africa
2024-11-25T15:21+0100
2024-11-25T15:21+0100
2024-11-25T16:01+0100
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Algerian President Abdelmadjid Tebboune signed the 2025 budget law on Sunday, the press service of Tebboune's administration said. According to a local news outlet, citing the document, the economic growth in 2025-2026 is expected to reach 4.5%, and at the same time, non-hydrocarbon exports would increase to 5%.The report said that budget revenues are projected to rise by 3.5% in 2025; the number will account for about DZD8,523.06 billion (over $64 billion). The expenditures of the government are set to grow to 9.9% (DZD16,794.61 billion, or about $126 billion).In the past years, the country's GDP grew by 3.8% in 2021, 3.6% in 2022, and by 4.1% in 2023.
https://en.sputniknews.africa/20241122/trade-turnover-between-russia--algeria-doubled-to-37-billion-in-2023-1069351817.html
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north africa, algeria, abdelmadjid tebboune, budget, economy, finance, economic growth, president, law
north africa, algeria, abdelmadjid tebboune, budget, economy, finance, economic growth, president, law
Algerian President Signs Budget Law With Economy Expected to Grow by 4.5% in 2025-2026
15:21 25.11.2024 (Updated: 16:01 25.11.2024) According to the World Bank, the Algerian economy increased by 3.9% in the first half of 2024 compared to the same period last year; the inflation rate went down to 4.3% over the first nine months of the current year.
Algerian President Abdelmadjid Tebboune signed the 2025 budget law on Sunday, the press service of Tebboune's administration said.
According to a local news outlet, citing the document, the
economic growth in 2025-2026 is expected to reach 4.5%, and at the same time, non-hydrocarbon exports would increase to 5%.
The report said that budget revenues are projected to
rise by 3.5% in 2025; the number will account for about DZD8,523.06 billion (over $64 billion). The expenditures of the government are set to grow to 9.9% (DZD16,794.61 billion, or about $126 billion).
In the past years, the country's GDP grew by 3.8% in 2021, 3.6% in 2022, and by 4.1% in 2023.
