Zebdi Applauds Ministry of Finance’s Overdraft Initiative Ensuring Timely Salary Payments

BY: Dr. Hana Saada

Algiers, Algeria | January 05th, 2024 — In an exclusive statement to Dzair Tube, Mustapha Zebdi, President of the Consumer Protection Association, commended the Ministry of Finance’s recent decision to implement an overdraft mechanism guaranteeing the punctual disbursement of employee salaries. This initiative, he emphasized, ensures consistent income flows for workers, irrespective of administrative delays that may occur within institutions.

Zebdi highlighted that the new measure directly addresses longstanding issues where salary disbursements were often delayed due to bureaucratic hurdles, causing significant financial strain on families. “The policy ensures that wages will be received on a fixed schedule, regardless of institutional setbacks,” he affirmed, adding that this approach would offer relief to countless households whose financial planning revolves around monthly salaries.

The Ministry’s decision, according to Zebdi, will empower families to better manage their expenses, fulfill essential needs, and meet financial obligations without disruption. “Previously, delayed salaries often left families uncertain, creating anxiety and financial imbalance,” he remarked, stressing that the reform would eliminate such uncertainties and bolster economic stability.

Furthermore, Zebdi underscored the broader socio-economic implications, noting that stabilized salary payments would enable families to sustain their purchasing power, ensuring the fulfillment of essential needs and preventing the cycle of financial hardship caused by payment irregularities.

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