Rédaction Africa Links 24 with ania.b
Published on 2024-04-01 12:36:23
President of the Republic, Abdelmadjid Tebboune, announces strong measures to improve the purchasing power of households, revealing his strategy to strengthen it in three major axes.
Indeed, President Tebboune unveils an ambitious plan to increase salaries, aiming for a total increase of 100% by 2027. Currently, a 47% increase has already been implemented, and the rest will be completed in the coming years.
Therefore, the Algerian government, under the leadership of President Tebboune, is firmly committed to improving the living conditions of households. To this end, gradual salary increases are planned until 2027, with a final goal of doubling salaries.
Significant progress has already been made, with a 47% increase in salaries already in place. President Tebboune firmly announces that the government will not stop there. He plans to inject the remaining 53% to achieve a total increase of 100%.
Strengthening the Dinar: a crucial measure
Furthermore, a strategy focused on reevaluating the exchange rate of the Algerian dinar is at the heart of the government’s concerns. This approach aims to boost the value of the national currency, moving from nearly 140 DA to a target of 100 DA for one dollar.
Another aspect of this economic strategy concerns the strengthening of the dinar. President Tebboune emphasizes the importance of reevaluating the value of the national currency to make it stronger against foreign currencies.
This approach aims to reduce import costs by stimulating local production and adjusting the exchange rate upwards. The government is determined to restore the value of the dinar, aiming to stabilize it around 100 DA for one dollar.
Fight against inflation: a challenge to overcome
Furthermore, to maintain economic stability, particular effort is focused on controlling inflation. President Tebboune commits to keeping inflation below 4%, a threshold considered acceptable to protect the purchasing power of citizens.
Moreover, facing imported inflation resulting from increasing import costs, the government is taking measures to keep consumer prices under control. This approach aims to preserve the purchasing power of citizens and promote economic growth.
In conclusion, President Tebboune emphasizes the importance of keeping inflation below 4%, a critical threshold to avoid a deterioration of purchasing power. This fight against inflation is essential to consolidate the progress made in terms of salary increases and economic stability.
Read the original article(French) on Algerie 360
