Algerians too, like most of the world’s inhabitants, have had their share of inflationary torments in 2023, due to a global economy that has one crisis after another. This is why President Abdelmadjid Tebboune has postponed the end of the system of generalized subsidies as much as possible. Furthermore, Algerian citizens had two good news at the end of last year: The expansion of the range of serious illnesses fully covered by social funds and the capping of interest rates on all loans applied by banks and financial establishments. 5 other good news fell into the hands of the Algerians. It will be difficult for other countries on the African continent to do better or even to align…
The increase in wages, +47%
This is undoubtedly the flagship measure of 2024, the one expected by some 2.6 million public sector employees, concretizing a firm commitment from the head of Status as of December 2022. To finance the presidential promise, the government passed a 2024 Finance Act with an astronomical budget of 113 billion dollars. This is the largest envelope in the history of the country.
Note that these salary increases will be activated from this month of January, they range from 4,500 Algerian Dinars (DA) to 8,500 DA, ie an overall amount of +47% over the years 2022, 2023, and 2024.
Putting the AADL 3 housing program into orbit
The program of the National Agency for Housing Improvement and Development (AADL) is the basis of Algeria’s housing policy. It is thanks to this system that thousands of Algerian families have been able to benefit from housing at unbeatable prices. The third phase of this program, AADL 3, will be effective in 2024…
Another innovation this year: the AADL 3 registration process will be entirely digitalized. This will save beneficiaries the tedious process of submitting documents.
New vehicles at “ accessible ” prices
The automobile market, after years of lethargy which caused an unprecedented surge in prices, regained color in 2023. The resumption of the importation of new cars in 2023 and the inauguration of the Fiat assembly plant in Oran are game changers in the local market. Algeria has established itself among the destinations of choice for manufacturers. Chery, Opel, Sokon, and DFSK have knocked on the door.
Algerians have the right to hope that in 2024 they will be able to afford new vehicles at “ reasonable ” prices. The Chinese Chery already sells a vehicle for less than 200 million centimes and it is entirely possible that the Fiat 500 produced in Algeria will sell for even less.
National Education employees are touching on their dream
Agents in the education sector, particularly teachers, will finally have the special status they have been clamoring for. The government plans to soon formalize the new “ fundamental law for national education workers ” which will revise the status of teachers in Algeria…
To this end, the Minister of Education, Abdelhakim Belabed, declared that this document is a “ strategic step ” to promote the place of teachers and other employees in the sector within society. The reform of the categorization of the rank of teacher, the reduction in the hourly volume of work in the three segments of education, and promotions through the valorization of diplomas obtained during the career are among the key measures.
New for freelancers and self-employed people
The internet boom has given rise to new professions that do not fit within a traditional legal framework. Undeclared work, without legal status or social security coverage, therefore remains the rule in the absence of appropriate standards, not to mention the headache of financial transactions: invoicing, bank transfers, etc. The government has tackled these pitfalls and produced a “ bill establishing the status of the self-employed ”. With this arsenal, freelancers will have a regulatory framework to work online with complete peace of mind.
