Economie

Algeria’s 2026 Budget Approved, Eyes Economic Modernization

Algeria is forging ahead with ambitious plans for economic modernization and national security, as highlighted in recent government announcements. Key among these developments is the approval of the 2026 budget and ongoing efforts to modernize the national army. Here’s a summary of recent key events and policy decisions:

**2026 Budget Approval:**
On Sunday, October 5th, 2025, the Council of Ministers, presided over by President Abdelmadjid Tebboune, approved the draft financial law for the year 2026. The budget reflects the President’s directives and priorities, focusing on sustainable economic growth and diversification.

**Modernization of the National People’s Army:**
A comprehensive modernization program for both the country and the National People’s Army (ANP) is slated for 2026. President Tebboune visited the headquarters of the Ministry of National Defense on Thursday, October 9th, underscoring the importance of this initiative. Furthermore, the Council of Ministers discussed and considered draft laws concerning the creation of the National People’s Army Medal and other military decorations, signifying a renewed emphasis on recognizing and rewarding service within the armed forces.

**Focus on Raw Materials Imports:**
President Tebboune has emphasized that the import of raw materials is a top priority. This focus suggests a strategy to bolster domestic manufacturing and reduce reliance on finished goods imports, potentially stimulating local industries and creating jobs. This directive comes as Algeria aims to become a more attractive destination for energy investment and to diversify its partnerships, as showcased at the NAPEC 2025 event.

**International Engagement:**
Algeria is actively engaged on the international stage. Foreign Minister Attaf conducted numerous bilateral talks in New York during the high-level segment of the United Nations General Assembly, strengthening diplomatic ties and promoting Algeria’s interests. Additionally, the first session of the Algerian-Slovenian Joint Governmental Committee took place, fostering cooperation and exploring opportunities for collaboration between the two nations.

**Remembering the Past:**
Recent weeks have also seen commemorations and discussions surrounding the massacres of October 17, 1961. These events are viewed as a state crime committed with premeditation by colonial France, serving as a stark reminder of the past and a call for continued vigilance in safeguarding national sovereignty and interests. The need to remain vigilant and committed to serving the interests of the nation has been repeatedly stressed.

In conclusion, Algeria is actively pursuing a multi-faceted approach to development, balancing economic growth, national security, and international engagement. The 2026 budget and the modernization of the National People’s Army are central to these efforts, while a focus on raw materials imports aims to strengthen domestic industries. The nation remains committed to remembering its history while building a prosperous future.

Related: More algeria articles on DZWatch

Source: External reference

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