Algerian Government to Implement Unemployment Benefits
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The People’s Democratic Republic of Algeria will soon launch an unemployment payment scheme aimed at its youth as the country grapples with pervading joblessness.
During a live television broadcast on Tuesday, 15 February, President Abdelmadjid Tebboune shared that his government would offer an unemployment grant of just under $100 (13 000 dinars) to “preserve the dignity of young people.”
Tebboune explained that the unemployment benefits programme would enable job-seekers, aged between 19 and 40, to engage with the economy, as well as alleviate youth poverty within the country’s 45 million-strong population.
Starting in March, the aim of the policy is to make a dent in the nearly 15 per cent rate of unemployment.
The grant – accounted for in the 2022 budget, according to Tebboune – would provide two-thirds of a standard wage, along with limited medical aid, until gainful employment is found; additionally, taxes on select consumer products will be suspended.
Many countries across the world enacted lockdowns due to the coronavirus pandemic, resulting in a significant decrease in the demand for gas, which cut the revenues that Algeria earned from one of its main exports. The knock-on effect keenly affected the job rate of the gas-producing nation.
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