Algeria Plans to Cut Food & Fuel Subsidies to Curb Deficit

published:14/10/2021 08:03 GMT

Algeria plans to start reducing subsidies on food, fuel and electricity as the OPEC nation looks to cut billions of dollars in spending. A draft of the 2022 budget shows the government plans to move to direct cash payments for the neediest segments of the population to avoid a public backlash as it curbs subsidies that cost an estimated US$17 billion last year, according to Ennahar news website. The cuts will target items including wheat flour, cooking oil, domestic gas and electricity, it...More