About: http://data.cimple.eu/news-article/a954d61e8d5c80b601cc60e7df35564506e5ecbf4e8e33f8e55f8f26

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/a954d61e8d5c80b601cc60e7df35564506e5ecbf4e8e33f8e55f8f26 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	The Algerian government decided Sunday to reduce the state budget by half due to a financial crisis caused by the global collapse in oil prices and worldwide coronavirus lockdowns. The government has decided to reduce the budget by "50 percent" for this year, President Abdelmadjid Tebboune's office said in a statement. Despite this huge reduction, the government also agreed at a cabinet meeting to increase the minimum wage from 18,000 dinars ($140) per month to 20,000 dinars, while income tax will be abolished for those earning 30,000 dinars or less, the statement said. The government also postponed from Sunday until 10 May consideration of a finance law, which seeks to frame a response to the coronavirus pandemic. A collapse in hydrocarbon prices this year -- caused by plunging demand due to societal lockdowns designed to combat the spread of the virus and exacerbated by a brief price war between key players Russia and Saudi Arabia -- is putting ever greater pressure on Algeria's external accounts. Even before this year's crisis took hold, Algeria's foreign exchange reserves had fallen to $62 billion at the end of 2019, from $180 billion in 2014. The draft law factors in a plunge in oil receipts this year to $20.6 billion, compared to the $37.4 billion previously anticipated. Tebboune on Friday ruled out approaching the IMF for a bailout, contending that "accumulating debt harms national sovereignty" when it is owed to foreign institutions. He said he preferred to rely instead on domestic borrowing. amb-agr/dwo/sw
schema:headline	Algeria presidency says state budget to be slashed by half
schema:mentions	Foreign-exchange reserves Government of Austria Bailout Petroleum Algeria International Monetary Fund Income tax Minimum wage Saudi Arabia Russia Pandemic Coronavirus President of the United States Abdelmadjid Tebboune Price war
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-05-03 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	80 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 11 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software