The Council of Ministers, met on Wednesday in Algiers under the chairmanship of the President of the Republic, Abdelaziz Bouteflika. It adopted an Action Plan for the newly appointed Government of Mr. Abdelmadjid Tebounne.
This Action Plan which will be submitted shortly before the National Assembly, is part of the continuation of the implementation of the programme of the President of the Republic, according to a statement of the Presidency of the Republic.
Tebboune Government’s Guidelines from the President
The Government Action Plan as adopted by the Council of Ministers meeting on June 14, 2017, noting first that the oil price crisis has presumably settled in a long term, would require Algeria to face up to major demanding challenges that would include dynamization of reforms for implementing all socio-economic actions, along the lines that I summarise in seven key areas as follows.
- The need to continue the implementation of the budgetary policy of the adopted last year’s rationalisation to redress public finances by 2019.
- So as to not impact public investment programs, promote non-conventional internal financing that could be mobilized for a financial transition of a few years.
- Avoid for as much as possible the recourse to external debt and contain further all imports volumes of goods and services for the purpose of preserving the reserves of foreign exchange.
- Continue the implementation of the new model of growth adopted in 2016 by the Council of Ministers, including its component of reforms so as to improve the investment environment, and the modernization of the tax system, public banks and financial market.
- Enhance all the country’s riches and resources available, including conventional and non-conventional fossil and renewable energy.
- Work on social justice and national solidarity for a greater rationalization of a just social policy, including better targeting of subsidies.
- Adopt an effective communication policy towards public opinion, and carry on a continuous dialogue with all economic and social partners.
In short, it will be for the Government to produce at a dated deadline, all reforms and necessary synchronization with all sectoral actions taking into account the unavoidable budget external and internal constraints as highlighted with force during this Council. email@example.com