Interim President Signs Algeria’s Budget, Foreign Investment Encouraged

published:12/12/2019 09:40 GMT

Algeria's interim president Abdelkader Bensalah on Wednesday signed a 2020 budget that includes public spending cuts but allows foreign investors to have majority stakes in projects involving the non-energy sector, the presidency said. The budget also includes a government plan to seek foreign loans next year in a bid to cope with financial pressure after a fall in vital energy revenues. The government is also under pressure from protesters demanding the cancellation of Thursday's presidential...More