President Tebboune Announces Salary Revaluation, Tax Reduction Measures Effective 2024
BY: Hana Saada
ALGIERS- President Abdelmadjid Tebboune declared, on Monday, that measures related to salary revaluation and tax reduction will come into effect starting in 2024. The announcement was made during the inaugural session of the international seminar on “Social Gains with Economic Implications,” where Prime Minister Nadir Larbaoui delivered the President’s speech.
In his address, President Tebboune emphasized the government’s commitment to reinforcing the country’s social policies. He stated, “The state’s social policy will be enhanced in the coming period through the implementation of measures related to salary enhancement and the reduction of the tax burden from the beginning of the year 2024.”
The President highlighted that these improvements would be supported by positive outcomes resulting from the implementation of the new investment law and the progress made in local development programs, especially in the mining sector, and the overall enhancement of the business environment.
President Tebboune commended Algeria’s resilience in facing various challenges to build a competitive economy. He underscored the nation’s dedication to a comprehensive economic reform agenda aimed at diversifying the national economy, fostering entrepreneurship, and improving trade and investment.
The economic reforms undertaken by Algeria include significant legal system overhauls, innovative land allocation and management models, revisions to monetary and banking laws, and the establishment of numerous entities to encourage innovation. President Tebboune highlighted the transparency, anti-bureaucracy, and equal opportunity principles that underpin these reforms.
The President emphasized that these economic reforms have successfully generated thousands of jobs, emphasizing that economic policies are intricately linked with the social dimension of the state. In recent years, public policies have prioritized supporting citizens’ purchasing power, with salary increases benefiting over 2.8 million public sector employees and contract workers. The initiatives also aimed at improving the situation of individuals with specific needs and the less fortunate.
Addressing challenges arising from high international commodity prices and safeguarding citizens’ living standards, President Tebboune highlighted the substantial efforts deployed by the state in social transfers. These transfers constitute a significant portion, accounting for 18.45% of the general state budget for the year 2023.
As Algeria charts its course toward a more resilient and prosperous future, the President’s announcement reflects a holistic approach to socio-economic development, prioritizing both the well-being of citizens and the nation’s economic competitiveness.
Dzair Tube Media Group
Dzair Tube has firmly established itself as a prominent player among Algerian digital news sites, offering a diverse and enriching content experience. The platform, available in Arabic, French, and English editions, captures the attention of a wide-ranging audience, amassing over half a million daily clicks.
A testament to its commitment to excellence, Dzair Tube received the prestigious President of the Republic’s Award for Professional Journalist in the Electronic Press category on October 22, 2022. This recognition underscores the platform’s unwavering dedication to upholding the highest standards of journalism.
With a significant online presence, Dzair Tube boasts 350,000 subscribers on YouTube, over five million followers on various Facebook pages, and 450,000 subscribers on Instagram. Its digital channel has become a hub for diverse programming, covering news, sports, entertainment, culture, and religion, catering to a broad spectrum of audience preferences.
Equipped with state-of-the-art studios and advanced technology, Dzair Tube’s digital channel has garnered substantial viewership for its varied programs. Hosting interactive discussions with influential figures across different domains, the platform actively fosters public discourse and engagement. Beyond news coverage, Dzair Tube extends its commitment to the production of marketing documentaries, short TV commercials, and high-viewership programs.
The success of the print edition of Dzair Tube’s sports newspaper, “Dzair Sport,” further highlights the platform’s impact, with over 50,000 daily downloads from the official Dzair Tube website.
Recently honored with the Media Leadership Award from the Minister of Communication, Mohamed Laâgab, Dzair Tube continues to shape the landscape of Algerian digital news, maintaining a position of influence and impact in the media industry.
