The First Cabinet Minister of Algeria, Ahmed Ouyahia, recently relayed the government’s vision for financial independence and continued national construction.
Ouyahia said reserves that were around $200 billion in 2014 were reduced by $100 billion this year and that these financial challenges have forced the country to look into ways of preserving these funds.
Additionally, there have been non-conventional domestic financing practices put into place by the government as it has witnessed other countries doing. The non-traditional loans that will be issued at the Bank of Algeria will make it possible for Algerian citizens to continue living without being taxed extensively for the government to have its necessary funds.
Ouyahia said that the government will be able to remain financially independent due to the plan that Algeria has in place.
