Algeria to begin Paying Unemployed Youths $100 Each
Algeria’s president, Abdelmadjid Tebboune, has stated that the government will offer unemployment compensation for young adults, eyeing the country’s over 15% unemployment rate.
The president announced on Tuesday that payments to job seekers aged 19 to 40 will begin in March, with the goal of preserving “young people’s dignity.”
He went on to say that Algeria has over 600,000 jobless people. Those who qualify will get monthly payments of around $100 (£73) and certain medical benefits until they find work.
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The stipend is approximately two-thirds of the 20,000 dinar ($142) minimum wage. Furthermore, beneficiaries will be exempt from paying taxes on consumer goods.
Mr Tebboune, who made the news, said Algeria was the first country outside of Europe to do so. With a population of around 45 million people, Algeria is Africa’s largest gas exporter, and hydrocarbons account for roughly 90% of the country’s government revenue.
A portion of the budget for 2022 is dedicated to youth payments.
In November last year, MPs voted to end significant state subsidies on basic items, which had long helped to promote social harmony but had put a strain on state budgets as energy receipts declined.
Source: AfricaNews
Abeeb Lekan Sodiq is a Managing Editor & Writer at theafricandream.net. He is as well a Graphics Designer and also known as Arakunrin Lekan.
