Arab Today, arab today algeria to maintain economic growth at 3 in 2015
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

Algeria to maintain economic growth at 3% in 2015

Arab Today, arab today

Arab Today, arab today Algeria to maintain economic growth at 3% in 2015

Algerian ministry
Algiers - APS

Algeria is expected to maintain its economic growth at 3% (4.2% excluding hydrocarbons) in 2015, which means at the same level as in previous years, according to forecasts of the draft Finance Bill 2015, discussed and adopted Tuesday by the Council of Ministers.
 "The draft Finance Bill 2015 was calculated on the basis of an overall GDP growth of 3% and a non-hydrocarbon growth of 4.2%," said the statement of the Council of Ministers.
According to the same forecasts, Algeria will manage to maintain GDP growth in 2015 despite the effects of the international economic crisis that plunged many countries into recession.
 For 2015, the State will pursue its efforts to maintain growth through public spending. The draft finance bill provides in this sense a capital budget of DZD 3,908 billion, up 43% compared to 2014.
These funds will be used to fund the capital program underway, estimated at DZD 1,600 billion and a new program of 1,100 billion for the areas of Housing, Health, Education, Higher Education, Water, Energy and Vocational Training.
In addition, more than DZD 700 billion are planned for the State’s economic action.
President of the Republic, Abdelaziz Bouteflika said after the meeting of the Council of Minister, "the State’s efforts to support economic growth through government spending, should be further supported by a stronger contribution to the productive sector, including the diversification of exports."
He also instructed the government to accelerate the reform of the banking and financial system that must be completed no later than the end of next year.
Also, the Head of State stressed the need for bank loans to "more effectively" accompany economic development.
Actually, President Bouteflika made a direct appeal to the government to consider the issue of access to bank financing, often raised by the business community as an obstacle to the development of investment in Algeria.
 Moreover, the operating budget, which has witnessed since some years annual increases induced by wage increases in the public sector, will not break in 2015 with this uptrend.
The appropriations in this field will amount to DZD 4,969 billion, up 5.4% from 2014, and will allow the creation of 48,000 new job positions in several sectors, the statement of the Council of ministers added.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today algeria to maintain economic growth at 3 in 2015 Arab Today, arab today algeria to maintain economic growth at 3 in 2015

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today algeria to maintain economic growth at 3 in 2015 Arab Today, arab today algeria to maintain economic growth at 3 in 2015

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday