Arab Today, arab today bouteflika instructs government to prepare draft 20152019 investment progamme
Last Updated : GMT 08:07:11
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Arab Today, arab today

Bouteflika instructs Government to prepare draft 2015-2019 investment progamme

Arab Today, arab today

Arab Today, arab today Bouteflika instructs Government to prepare draft 2015-2019 investment progamme

Algiers - APS

President of the Republic Abdelaziz Bouteflika has instructed Wednesday the government to "thoroughly" prepare the draft public development and investment programme for 2015-2019. The Head of State, who chaired a meeting of the Council of Ministers "has instructed the Government to thoroughly prepare the draft public investment programme for 2015-2019, which, at the end of the 2010-2014 development plan, will define the financial resources necessary for the execution of the Government's Action Plan," said the Council of Ministers in a communiqué. The new five-year public investment programme, which aims at strengthening the resistance of Algerian economy to the impacts of the global financial crisis and developing competitive and diversified economy, will break with former methods. Its drafting must be based on "national and local consultations taking into consideration the lessons learned from past experiences," President Bouteflika recommended at the previous meeting of the Council of Ministers held two weeks ago. "The programme aims at building a productive and competitive economy in all the sectors," he said. In this regard, the Head of State underlined that the new programme must also boost local and human development. The public investment programme for 2015-2019 will be executed under favourable auspices: Foreign exchange reserves close to US$ 200 billion, the assets at the Revenue Regulation Fund (FRR) exceeding DZD 5,600 billion and foreign debt almost nil.

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