Teboune: national economy in acceptable situation

Algerian Prime Minister Abdelmadjid Teboune Tuesday said “national economy still holds on although financial resources were reduced by more than 50 percent due to oil price fall.”

During a presentation at Parliament, Teboune said Algeria’s reserves still exceed 100 billion. 

“The real crisis is in the capacity of a common work, dealing with others and self-confidence to reach determined goals,” he added.

He also said national economy is in an “acceptable situation.”

Teboune also said the most important axes of the government’s plan is to establish more transparency in commercial and economic activities, improving business climate and giving local governments a main role in economic activities.