الآثار الاقتصادية الكلية للتمويل غيرالتقليد ي

Abstract

Financing the public treasury in Algeria depends to a large extent on hydrocarbon revenues and their decline. The financing of the public treasury declined until it reached the point of deficit, which necessitated the search for new sources to finance that deficit.This study aims to shed light on the impact of non-traditional financing on the variables of the Algerian economy for the period (2017-2021). It also aims to reduce long-term interest rates on fixed-return financial instruments. Currency exchange and bank credit facilitation and provision sufficient to stimulate economic activity The study concluded that the non-traditional financing policy is an effective and feasible tool in developed and productive economies, such as the United States, whose non-traditional financing helped it overcome the 2008 crisis and its economy experienced remarkable growth, as well as for Japan, albeit in small proportions, but Venezuela witnessed a failure in financing. Achieving the desired goals and the collapse of its economy. As for Algeria, and with the decline in fuel prices in the financial markets, it faced many financing difficulties, which led to the adoption of this policy as a solution to cover the budget deficit, but the problem in Algeria is a structural problem, and therefore non-traditional financing is considered a temporary solution to lending the public treasury, nothing more. It is necessary to formulate new visions and search for real financing alternatives to finance the Algerian economy .