The 2015-2019 development plan, for which the State allocated US$262 billion, will be submitted to the Council of Ministers for adoption by the end of current year, announced Thursday in Algiers Prime Minister Abdelmalek Sellal at the 17th tripartite (Government-Central Union, Employers) meeting.
The investment plan, based on sound forecasts, would help increase Algeria's economic growth up to 7% in 2019, said Sellal.
It also takes into consideration the forecasts the oil prices for the next five years.
"We have chosen the most optimistic forecasts. But this choice has been made on realistic bases. We don't move towards unknown prospects," he said
"Algeria's future is not mortgaged. We must achieve our economic transition. It doesn't mean that we are moving towards an excessive liberalism. Economy should create wealth but in parallel it should preserve the social aspect," he said.