Challenges Of Non-Oil Financial Sustainability In The Algerian Economy During The Period (2000-2022)

Abstract

This study aims to analyse the essential elements of the non-oil financial sustainability index in Algeria and to identify the main challenges of public finance sustainability, especially in light of the current economic reality, which is still dominated by the rentier character. We used the descriptive analytical approach to describe the study variables, collect and analyse the data related to each variable, and arrive at the results.

We found that all values of the non-oil financial sustainability index in Algeria are negative throughout the study period, which indicates that public expenditure exceeds non-oil revenues and that oil revenues are the main driver of all components of gross domestic product through public expenditure. Therefore, targeting the non-oil financial sustainability index through the growth of investment expenditure at the expense of operating expenditure is a necessary and certain proposal to ensure the economic and financial stability of Algeria.