Algeria Loans – Algeria Television Thu, 10 Jun 2021 19:57:06 +0000 en-US hourly 1 Algeria Loans – Algeria Television 32 32 Algeria: Economy – Algeria will “recover” the losses of 2020 from this year Thu, 10 Jun 2021 13:31:29 +0000

Algiers – The year 2021 should see a gradual return of economic activity in Algeria to levels allowing the country to “recover” the losses suffered in 2020 and to reduce the imbalance in the accounts of the State, the ministry said on Wednesday. of Finance in a press release.

“The year 2021 should see a stabilization of the fundamentals of the country’s economy, through a gradual return of economic activity to levels allowing the recovery of losses suffered in 2020 and a reduction of internal and external imbalances in the accounts. of the State ”, declared the ministry in its document which evaluates the economic and social situation of the country during the first 5 months of 2021.

This recovery follows the rebound in the global economy as the Covid 19 pandemic is under control. Positive signs may constitute a favorable outlook for the economies of developed and emerging countries.

In 2021, Algeria’s economic growth should stand at + 4.2% while the growth of hydrocarbons should reach 10.1%. Growth excluding hydrocarbons should reach + 3.2%.

In the first 5 months of 2021, the trade balance deficit has already shrunk by 68%, falling to $ 1.3 billion, with imports of $ 15.2 billion, hydrocarbon exports rising of + 32.7% and non-hydrocarbon exports up by 81.71%.

=== Tax revenue up 9.5% in 4 months ===

The rebound in Algerian economic activity is reflected in the level of tax revenues which increased by 9.5% to 807.65 billion DZD at the end of April 2021 compared to the same period 2020 (737.69 billion DZD) , specified the ministry.