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Bouteflika calls for rationalization of expenditure and avoid external loans
09:47 - 15/06/2017
Called Algerian President Abdelaziz Bouteflika on Thursday his government to continue to rationalize spending to cope with the sharp decline in oil and gas revenues, but warned against resorting to external debt.
Bouteflika said in a statement the new government to determine the reductions in the budget and avoid external loans and proposed funding internally "non-traditional", as called for reforms in the banking system and improve the investment climate.
He stressed "the importance of using more renewable energy and non-conventional fossil hydrocarbons."
The government had indicated earlier, it would not focus on these reserves after protests related to environmental concerns in the Sahara. It ended 25
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09:47 - 15/06/2017
Called Algerian President Abdelaziz Bouteflika on Thursday his government to continue to rationalize spending to cope with the sharp decline in oil and gas revenues, but warned against resorting to external debt.
Bouteflika said in a statement the new government to determine the reductions in the budget and avoid external loans and proposed funding internally "non-traditional", as called for reforms in the banking system and improve the investment climate.
He stressed "the importance of using more renewable energy and non-conventional fossil hydrocarbons."
The government had indicated earlier, it would not focus on these reserves after protests related to environmental concerns in the Sahara. It ended 25
[You must be registered and logged in to see this link.]
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