Economy

“ ……Both Algeria’s internal as well as external position are now satisfactory. Inflation has stabilised at around 3%. Public finances are healthy. Our external position is more comfortable than ever, with a current account surplus and large foreign-exchange reserves consolidating our import capacity. Such a positive context is obviously conducive to pressing on with economic and financial reform.

We are currently undertaking reform of public finances with a number of key objectives. We are modifying the way we spend public funds, with a view to shifting from providing means to achieving results. We are also reorganising the country’s tax authorities, with a two-fold objective: improving tax collection and making the relationship between taxpayers and the authorities easier. Another key objective is to reform our accounting systems in order to adapt them to changes in the economy and to international standards. We are also revising the Finance Act with a view to improving budgetary control and public finance visibility.

Moreover, the banking reform currently underway aims at modernising the banks and especially the payment system.

The state has also invested heavily to improve the business environment. In this respect, it is important to note that we are consolidating the results of the 2001-04 public spending plan with a $60bn Complementary Plan for Growth Support (PCSC) for the 2005-09 period. This will allow us to strengthen infrastructure and to achieve a better balance in terms of regional development. This ambitious public investment plan aims to boost the country’s economic and social development create a business environment conducive to private investment, to ensure the availability of land for industrial development, a better baking system, telecommunications, and a sound relationship between companies and the authorities…."(read more)"

• Invest in Algeria (document PDF)
• Algeria/EU Association Agreement (document PDF)
• Ministry of State Shareholdings and Promotion of Investments (www.mppi.dz)
• Ministry of energy and mining (www.mem-algeria.org)
• Ministry of Finance (http://www.finances-algeria.org)
• Ministry of Trade (http://www.mincommerce.gov.dz)
• National agency for investment development (www.andi.dz)
• Bank of Algeria (www.bank-of-algeria.dz)
• Chamber of commerce (www.caci.dz)
• Forum des chefs d’entreprises (www.fce-dz.org)
• Trade Shows Company « SAFEX » www.safex.com.dz
• Algerian Foreign Business Promotion Office “ PROMEX » (www.promex.dz)
• Algerian News Agency “APS” (http://www.aps.dz/an/welcome.asp)
• National Statistical Office www.ons.dz