Mahjoub Beda: Some would-be “experts” don’t waver to spread false rumors about Algeria’s bankruptcy

The Chairman of the Finance and budget Commission at the National People’s Assembly (NPA) or lower house of Parliament, Mr Mahdjoub Beda, has announced the holding of a parliamentary day on September 20th 2016 aimed at discussing the required necessity of opening the capital of public and private enterprises at the national Stock Exchange, during the next phase, and thereby ensure the recovery of this major dormant financial package in the presence of Finance Minister Haji Baba Ammi and officials of the Algeria Stock Exchange, and all relevant partners.

The head of the NPA’s Finance and Budget Commission, said in a statement to “Echorouk” that they now await the submission of the preliminary draft budget law for 2017, which is expected to be “positive” for the simple citizens in the level of their aspirations, as he put it, while hitting out against a certain group of so-called “economist experts”, saying they “embrace the despair policy and seek to thwart the Algerians’ will to grapple efficiently and serenely with the current financial juncture”.

He explained to this effect that the economic situation in Algeria hadn’t reached danger or bankruptcy stage, stressing that this group of “pessimistic experts” have been striving for some time now to draw up a grim picture about the country’s financial reality by hinging upon false reports from the World Bank.

The senior MP also stated that the latter don’t leave their homes, and are content to stay for hours surfing on the Internet in order to sow suspicion in the hearts of the citizens, for sheer political purposes, instead of working out realistic and optimistic analyses, stressing they’d rather stop resorting to the untoward propensity of “blackening the country’s socio-economic situation”.

He further described Prime Minister Sellal’s statement made two days ago in Saida province, saying that Algeria’s exchange reserves won’t go down below a hundred billion dollars within the 3 coming years, as a strong and reassuring message, stressing that “the ship of the Algerian economy will not sink” despite the transient financial constraints due to the slump of the oil barrel price on the world market.