Algeria takes measures to address financial crisis

Medical workers are seen at the Boufarik Hospital in the province of Blida, Algeria, on March 3, 2020. Algerian Health Ministry announced on Tuesday that three new cases of COVID-19 were confirmed, bringing the total number in the country to eight. The three new cases were recorded in the family circle of the previous four cases in the province of Blida. (Xinhua)
Medical workers are seen at the Boufarik Hospital in the province of Blida, Algeria, on March 3, 2020. Algerian Health Ministry announced on Tuesday that three new cases of COVID-19 were confirmed, bringing the total number in the country to eight. The three new cases were recorded in the family circle of the previous four cases in the province of Blida. (Xinhua)

Algeria announced a series of measures to address financial difficulties hitting the nation amid drop in oil prices, said a statement of the Prime Minister Office.

The Council of Ministers decided to cut public operating expenditure by 50 percent, instead of 30 percent decided previously, the statement said. Operating budget is destined for covering expenditures of the state and its institutions.

It was also decided to increase guaranteed minimum income and omit taxes on monthly incomes equivalent or less than 233 U.S. dollars, as of June 2020.

In a bid to pursue efforts aiming at developing non-oil sectors, President Abdelmadjid Tebboune ordered “immediate” creation of a national office for Saharan agriculture aiming at the development of millions of hectares of desert land.