Algerian Government Announces Increase in Minimum Wage and Unemployment Benefits
The Algerian Council of Ministers, chaired by Abdelmadjid Tebboune, announced on Sunday an increase in the national guaranteed minimum wage (SNMG), which will rise from 20,000 dinars to 24,000 dinars starting from January 2026. This revaluation, the first since 2020, aims to improve the purchasing power of citizens in a difficult economic context.
Key Measures
- The government has decided to increase the minimum wage by 4,000 dinars, representing a 20% increase.
- The unemployment benefit will be increased from 15,000 to 18,000 dinars per month, affecting over 2 million beneficiaries.
- The renewal of this aid will now be valid for one year, renewable, offering more stability to job seekers.
Economic Context
These measures come as Algeria's foreign exchange earnings decline, mainly due to the fall in oil prices, the country's primary source of revenue. Despite this challenging economic situation, the increase in the minimum wage and social benefits reflects the government's commitment to improving the living conditions of Algerians.
Outlook
It remains to be seen whether these increases will be sufficient to offset rising prices and guarantee long-term purchasing power. The government's efforts to support citizens' purchasing power will be closely watched, and the impact of these measures on the overall economy will be crucial in determining their effectiveness.
