The Gulf island kingdom of Bahrain is said to ask Allies for Aid. As a minuscule islet tucked between Qatar’s and the Arabian peninsulas, it has been among the hardest hit in the Gulf Cooperation council countries by the currently low oil prices. As a matter of fact, all countries of the Gulf are reported […]
A presidential decree to call for the elections of the Municipalities and Governorates assemblies scheduled it to take place on Thursday, November 23, 2017. We propose well in advance of these local elections to review the New Missions of Local Authorities amidst budget pressures.
The crisis linked to the fall in the price of oil and its impact on the country’s budget must bring the authorities to change their discourse on the economic role of both the central State and Local Authorities.
The pursued policies in recent years regarding the Local Authorities management need to be reviewed, because the era of transfers of the State budgets to overcome deficits of management is over. Sources of funding because of budget restrictions would have to move in the direction of a rationalisation of expenditure; management in Local Authorities remains imprinted with a strong tendency to spending.
Creating three million jobs would require a growth rate between 2017 and 2020 of a minimum of 7 to 8% minimum. The results of the bodies responsible for employment of the ANDI, the ANSEJ as much as of the NACC, are mixed despite their many allowed benefits. This is the New Government vs. social and budgetary tensions dilemma that the country’s newly appointed Prime Minister has to face up to within the remaining time of the president’s mandate.
However, the growth rate is relatively low in reference to public spending of 3% on average between 2000 and 2016. According to the ONS, quoted by APS, in April 2017, the employed population was estimated at 10.769 million against 10.845 million people in September 2016, registering a negative balance of the 76,000 people where six unemployed on ten on average are long-term unemployed.
The MENA region countries are made of two types of countries, those of oil and gas producers and those that are not. In the first group, countries are ranked according to the size of their gross domestic product, taken as such or as per its capita version. Other means of sizing up economies have been conjured up over time, but most importantly, it was the need to look closer into each economy and try to discern any prevailing trend that caught on. This notion of ranking as proposed by Statista on August 1, 2017 according to the size of hydrocarbons related exports revenues has lately become some sort of normative piece of knowledge from amongst the digital data plethora of today.
This brief analysis is a synthesis of the Doing Business Report 2017 data compiled upto and as of June 1, 2016. The indicators are used within the context of Algeria to analyze economic outcomes of countries of the same calibre and identify the regulatory reforms of all legislation that are required so as the economies where they have been adopted and the reasons for which they have been implemented have born fruits. The question that such report brings to mind would therefore be about how to improve the Climate of Business in Algeria and how to go about it.
In the meantime, the above mentioned report findings were that :
Starting a business
Algeria made starting a business easier by eliminating the minimum capital requirement for business incorporation.
Dealing with construction permits
Algeria made dealing with construction permits faster by reducing the time to obtain a construction permit.
Algeria made getting electricity more transparent by publishing electricity tariffs on the websites of the utility and the energy regulator.
Algeria made paying taxes less costly by decreasing the tax on professional activities rate. The introduction of advanced accounting systems also made paying taxes easier.
A new Saudi Arabia will gradually be emerging as this seems to be the word that is the leitmotiv of the young and fresh at the helm prince MbS (Mohammed bin Salman). This latter’s elevation to heir to the crown at the age of 31 that was already showing in quiet and unheard of boldness is now blatantly in full sight. Would this possibly generalise to a whole generation of leaders in the country’s life and take it towards modernity? Would a radical reform program as embodied in the prince’s “Vision 2030” generate a new self-sufficient country living in good harmony with its neighbours and for this purpose would it need all that accumulated wealth from oil related revenues since its advent in the 30s to be ploughed in to generate conditions that are perhaps propitious to another vision? Or would all this just lead to more clinging to Tradition, survival endurance and frictions of all sorts as restricted OPEC oil output and US shale oil production seem to be the other leitmotiv of the time.
The purpose of this contribution is to analyze the operationality of the adopted unconventional financing by the Council of Ministers of June 14, 2017. This is done by a critical review of the impact of non-conventional Finance in Algeria that appears to be not a suitable response at this conjecture. This method of finance is by the way applicable to a structured competitive market economy, with idle production factors, i.e. underemployed equipment and skilled labour whereas Algeria suffers from structural rigidities with a dieback productive fabric and a total dependence on the volatile price of oil, hence the risk of printing more money, with a consequent inflationary process.