Algeria’s President Abdelmadjid Tebboune, on Tuesday, February 16, 2022, declared unemployment benefits for young adults, as the country grapples with over 15% job loss. ayokinews.com reports
Abdelmadjid announced that payments to job searchers aged 19 to 40 years old will begin in March 2022, with the goal of protecting “the dignity of young people.”
Algeria’s economy is based on oil and gas revenues, and it is estimated that over 600,000 Algerian youths are unemployed.
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Those who qualify will get monthly benefits of around $100 (£73) and certain medical benefits until they find job.
Furthermore, recipients (beneficiaries) will be exempt from paying taxes on consumer goods.
Algeria is the first country outside of Europe to implement the unemployment benefit, according to President Abdelmadjid Tebboune.
