President Tebboune’s Historic Measures Revitalize World of Work: This is New Algeria!

BY: Dr. Hana Saada

ALGIERS- On the occasion of International Workers’ Day, President Abdelmadjid Tebboune delivered a resounding message of reassurance and progress to Algerian workers. In a historic move, President Tebboune announced substantial salary increases and pension adjustments, setting the stage for a new era in Algerian labor relations.

Strengthening Social Security: Pension Increase and Salary Raises

President Tebboune’s commitment to social welfare was underscored by his announcement of a significant increase in pension benefits. During a gathering at the People Palace, he declared that retirees’ pensions would rise by 10 to 15%, providing much-needed relief to retired workers. This announcement, made during a meeting with representatives from various labor unions, demonstrates the government’s dedication to ensuring the welfare of Algeria’s retirees.

Moreover, President Tebboune emphasized the importance of fair wages and announced plans for salary increases. These measures not only acknowledge the invaluable contributions of the workforce but also aim to improve living standards and alleviate economic burdens on Algerian families.

Economic Progress and National Development

In his address, President Tebboune highlighted the remarkable economic progress achieved under his administration. Citing data from the IMF and World Bank, he revealed a substantial increase in Algeria’s GDP from $164 billion in 2015 to $260 billion by the end of 2023. With a projected GDP growth of 38-39% in 2024, President Tebboune confidently stated that Algeria is on track to reach $400 billion by 2026-2027, positioning it as a leading African economy.

He attributed this economic turnaround to a concerted effort to combat corruption and promote local production. President Tebboune underscored the shift away from reliance on imports and towards domestic manufacturing. Notably, he celebrated the emergence of thousands of local startups, which have played a pivotal role in diversifying Algeria’s economy and reducing dependence on foreign goods.

Ending the Era of Rentier Economy

President Tebboune reiterated his commitment to ending the rentier economy, which had plagued Algeria for decades. He highlighted the government’s efforts to crack down on corruption and inefficiency, ensuring that state resources are utilized for the benefit of the people. By promoting local industries and empowering Algerian entrepreneurs, the government aims to foster sustainable economic growth and reduce reliance on oil revenues.

Tripartite Dialogue and Labor Rights

Addressing concerns about labor rights and dialogue with unions, President Tebboune expressed his willingness to engage in genuine tripartite discussions. He emphasized the importance of constructive dialogue and collaboration between the government, labor unions, and employers’ organizations. President Tebboune assured workers that their voices would be heard and their interests protected.

Furthermore, he announced plans to review retirement policies, particularly for workers in physically demanding professions. Additionally, President Tebboune emphasized the need to improve the status of educators and healthcare professionals, ensuring that their contributions to society are duly recognized and rewarded.

Conclusion: A New Chapter for Algerian Workers

In conclusion, President Tebboune’s address on International Workers’ Day marks a significant milestone in Algeria’s journey towards economic prosperity and social justice. Through comprehensive reforms and progressive policies, the government aims to create a fairer, more inclusive society where the rights and dignity of workers are upheld. As Algeria embarks on this new chapter, the spirit of solidarity and national pride will continue to guide its path towards a brighter future.

Translated from: https://www.elmoudjahid.com/fr/l-evenement/journee-internationale-des-travailleurs-des-mesures-historiques-du-president-tebboune-ravivent-le-monde-du-travail-c-est-ca-l-algerie-nouvelle-217358

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