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President of the Republic Abdelmadjid Tebboune calls for spending rationalisation

President of the Republic, Mr. Abdelmadjid Tebboune said in his periodic interview with national media leaders, broadcast on national TV and radio stations on Monday evening, that there is an urgent need to stop squandering public funds, rationalize spending, encourage national production and investment, in order to advance the national economy and ensure financial comfort for the country.

The Head of the State, on the same occasion, confirmed that the country is not in a prosperity situation, but added that it can fulfil its financial obligations thanks to controlling its expenditures, especially those related to import.

President Tebboune declared in this interview that “our reserves of exchange are between 42 billion and 43 billion dollars, but we reduced imports and achieved oil revenues of 24 billion dollars despite the pandemic.”

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