Tebboune Outlines Plan to Secure Algerian Economic Stability

President Abdelmadjid Tebboune recently issued a set of significant directives during the Council of Ministers meeting, demonstrating a firm commitment to preserving citizens' purchasing power. These decisions, which are part of an integrated approach emphasizing anticipation, fieldwork, and effective data management, aim to mobilize all available resources to counter any factors that could affect economic stability. The measures underscore a coherent action plan central to the national economic development policy.

Among the specific actions, President Tebboune ordered the immediate initiation of a project to strictly regulate intermediary sales between producers and consumers. This aims to control distribution circuits, manage prices and profit margins more effectively, and prevent commercial abuses. Furthermore, the Prime Minister received instructions to launch an immediate investigation into the negative role of certain importers suspected of monopolizing and inflating prices of imported meats, as well as butchers selling them at local meat prices across all wilayas.

To reinforce market oversight, the President mandated the strengthening of price control brigades within the Ministry of Domestic Trade, ensuring daily field inspections throughout the year. A mechanism is also to be established by the Minister of Interior, in coordination with the walis, for purchasing and storing local product surpluses, to be released into the market at the first signs of price fluctuations. This proactive strategy is designed to address market dynamics comprehensively.

Additional directives include the Ministry of Domestic Trade's development of a system to cap prices and set profit margins for essential goods such as vegetables, legumes, pasta, and meats, taking into account the entire production and marketing chains. A decentralized system will enable trade directors, under the responsibility of walis, to conduct daily local monitoring of widely consumed product prices. Finally, efforts by the Ministry of Interior, the Ministry of Domestic Trade, and the High Commission for Digitization will be coordinated to create a digital database for swift and effective price control, serving as an alert mechanism for timely interventions to re-establish price balance during abnormal increases.