The Role of New Economic Alternatives in Stabilizing and Securing the Public Budget in Algeria
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Date
2022-05-19
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الملتقى الدولي (حصوري / عن بعد) الموسوم بـ : القانون و العلوم البينية مجالات التلاقي المنهجي و آفاق التعاون في البحث العلمي الجامعي بجامعة الجلفة يوم 19 ماي 2022
Abstract
Algeria's economy heavily relies on the hydrocarbons sector, which accounts for 90% of export revenues and 60% of state income, making it vulnerable to fluctuations in global oil and gas prices. This over-reliance poses significant challenges to achieving financial stability and sustainable growth, especially with the global shift towards clean energy.
In response, Algeria aims to diversify its economy by tapping into alternative sectors such as agriculture, tourism, mining, and manufacturing, with a special focus on renewable energy to reduce dependence on hydrocarbons. These efforts seek to boost national revenues, create new jobs, and support sustainable development, leveraging the country’s diverse natural and human resources.
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Economic diversification, renewable energy, tourism, financial stability