Algeria postpones decision to raise salaries

A tripartite meeting held on Sunday postponed its decision about Article 87 bis which was supposed to lead to pay raise for employees and workers while it did not fix a deadline to approve consumer credits once again.

Contrarily to the remarks of the Secretary General of the Algerian Workers’ General Union Abdelmadjid Sidi Said and the Algerian work minister Mohamed Benmeradi, the meeting came up with the fact that the cancellation of the Article would cost $12 billion loss for the Public Treasury. The Algerian finance ministry warned the government that inflation rate would reach high levels.

The meeting signed the Growth Economic and Social National Pact which is meant to speed up economic reforms and industrial development process and to improve business climate, health system, social security and purchasing power. A national commission was established to follow up these issues.

The meeting also came up with the decision to enable private enterprises to benefit from advantages offered by the National Investment Funds including training courses.

The tripartite meeting dealt with mechanisms to fight counterfeiting, commercial activities regulation and national and foreign private-public partnership promotion.