Socio-economic situation in 2017: Correct results despite severe economic crisis

Published on : Saturday, 14 April 2018 12:07   Read : 68 time(s)
Socio-economic situation in 2017: Correct results despite severe economic crisis

ALGIERS- Prime Minister Ahmed Ouyahia affirmed Saturday, in Algiers, that the results achieved by Algeria in 2017 were “correct” despite a severe economic crisis due to a drastic drop in oil prices.

Speaking in a press conference devoted to the presentation of the government’s record, Ouyahia said that “the year 2017, in which the Revenue Regulation Fund had expired, having thus impact including on equipment budget, recorded correct results.”

Prime Minister said that the national economy recoded in 2017 an investment of DZD3,500 billion (about USD30 billion) through public budget and bank credits.


See also: A total of 563,000 jobs created in 2017


“We can add, and without exaggeration, 50% to this amount (DZD3,500 billion) from direct investments and black economy,” he underlined.

This economic activity, said Ouyahia, had results at first at the level of the national non-hydrocarbon growth which reached 3.7% in 2017, according to data of the National Office of Statistics (ONS).

By including hydrocarbons, which experienced a negative growth caused by a number of factors, including the respect of Algeria’s commitment to reducing its production in accordance with the decision of the Organization of the Petroleum Exporting Countries (OPEC), the overall national growth reached 2.2% in 2017, he said.

Last modified on Saturday, 14 April 2018 14:55
Socio-economic situation in 2017: Correct results despite severe economic crisis