NO. 25


Financial and Banking News

Budgets & Revenues

Higher Hydrocarbon Revenues Underpin Algeria's Reform Plans

The Algerian budget for 1990, details of which have recently been published,has forecast government hydrocarbon revenues of AD48.5bn ($5.9bn) for 1990,which represents a 69% increase over the budget forecast for 1988. The massiveimprovement in these revenues - which in dinar terms are twice as high as wereforecast for 1988 - has made possible a budget which...