These measures were announced in a meeting of the Council of ministers chaired by President of the Republic Abdelmadjid Tebboune.
The Council started its works by listening to a report presented by Prime minister on the governmental action during the last two weeks, before listening to a communication by Minister of Finance on the financial situation in the country, after which President of the Republic made his decision “to postpone the supplementary finance bill” until the assessment of the effects of financial measures at the governmental level as well as the evolution of the situation in the world, said the source.
President of the Republic announced a series of measures to implement immediately in addition to those taken recently to counter the spread of Coronavirus (Covid-19). This involves the reduction of the import bill amount from USD 41 to 31 billion, and of operating budget expenses by 30% without affecting expenses and salaries.
President Tebboune also gave an instruction to stop the conclusion of study and service agreements with foreign offices, which will save Algeria about USD7 billion, in addition to the postponement of the launch of projects whose works haven’t been yet launched, except for shadow areas projects as well as the project relating to the construction of a cancer hospital in Djelfa.
It also involves maintaining the expenses related to the sector of health, while strengthening the means of the fight against the spread of the Coronavirus pandemic and the epidemic diseases in general, as well as maintaining the level of the expenses related to the sector of education.
In this regard, President Tebboune ordered to take into consideration, when elaborating the supplementary finance law, the losses incurred by the operators because of the spread of Coronavirus, while instructing Sonatrach group to reduce from USD14 to 7 billion the exploitation expenses and investment expenses in order to preserve exchange reserves.
For the sector of agriculture, President of the Republic called to give the priority to the investment in farm products ensuring the country’s food security, notably cereal chains.