THE INFORMAL ECONOMY, A BATTLE LOST BY THE ALGERIANADMINISTRATION.

LA ECONOMÍA SUMERGIDA, UNA BATALLA PERDIDA POR LA ADMINISTRACIÓN ARGELINA.
6 septiembre, 2021
THE ALGERIAN GOVERNMENT WILL CONTINUE TO PRINT CURRENCY TO COVER THE DÉFICIT.
6 septiembre, 2021
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THE INFORMAL ECONOMY, A BATTLE LOST BY THE ALGERIANADMINISTRATION.

Estimated at 50% of GDP, it is the continuous workhorse of all governments, which fail to reduce its impact, every day greater.

Legal uncertainty and regulatory arbitrariness are an excellent breeding ground for «informal» activity, the only way out for many operators unable to face bureaucratic barriers and administrative arbitrariness, particularly the regulations that affect the permits and authorizations required for the exercise of any activity, and the tax burden, which traditionally treats the administered as an infringer and is particularly virulent in times of criticism. economic sis like the current one.

The distrust of the citizen is evident every time measures are articulated to «surface» the «black money», so in 2016, the last major action in this regard, of the 461.72 billion DA planned, only 10% were recovered despite the tax advantages put into practice.

Of the 6 trillion DA in circulation, approximately 30% are outside the bankingcircuit, the result of citizen distrust in banking and administrative institutions.

The government has announced, without specifying, measures of «integration, incitement and control» to bring out the «informal» sector.

In short, control measures are foreseen, government intervention of «sanitation of the market, moralization of the commercial act, review of legislative and regulatory cadres, ….», the well-known interventionist measures from which the operators expelled to the «informal» flee.

Fountain:

LIBERTÉ ALGERIA  05/09/2021

https://www.liberte-algerie.com/actualite/linevitable-bataille-364458

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