Maghreb Edition

Algeria boosts defense budget to tackle cross-border threatsF

Posted On 23 October 2024

Number of times this article was read : 11823

Algeria’s draft Finance Law for the year 2025 earmarks record spending for its military and defense.  The Ministry of Defense, which oversees the country’s armed forces, will receive more than US$25 billion, an increase of over 10% compared to 2024.  The move is reflective of a worsening security environment on various fronts, from Libya with Khalifa Haftar ordering erratic troop movements along Libya’s border with Algeria, the explosive state of insecurity along the border with Mali, and the continued deterioration of the relations between Algeria and Morocco. In Algerian currency, the defense budget is set to exceed 3.34 trillion dinars.

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