Algeria’s Unemployment Benefit Predates the Surge in Oil Prices
The Claim
Algeria introduces an unemployment benefit program for its young population, thanks to surging oil prices.
News posted on
Emerging story
A couple of media outlets have recently published articles purporting that Algeria became one of the first African countries to develop a sustainable solution for the unemployed, thanks to surging oil prices following the war on Ukraine.
The articles have claimed that Algeria plans to pay the unemployment benefit “from surging oil income,” and “based on the rise in oil.”
The claim has also been circulating on social media.
Misbar’s Analysis
Misbar has investigated the claim and found it to be misleading. While Algeria did indeed introduce a new program that aspires to provide financial aid to the unemployed youth, it was programmed and approved long before the Russian war on Ukraine and the consequent surge in oil prices.
Algeria’s Prime Minister, Finance Minister, Aïmene Benabderrahmane, and President Abdelmadjid Tebboune had announced the Finance Law of 2022 back in 2021. The draft of the law had the suggested unemployment benefit, which was programmed for 2022, as can be seen via several articles by Algeria Press Service.
Several local media outlets had shared the news of the Unemployment Benefit in 2021, which confirms that the plan is, in fact, unrelated to the ongoing war in Ukraine and consequent surge in oil prices.
Several local media outlets had shared the news of the Unemployment Benefit in 2021, which confirms that the plan, in fact, predates the ongoing war in Ukraine and consequent surge in oil prices.
