Financial and Banking News
BUDGETS AND REVENUES
Algerian Budget Projects Rise in Oil Revenues in 1988
Algeria is forecasting a 10% increase in hydrocarbon revenues to AD24.2bn($4.9bn) in its 1988 budget, up from AD22bn in the 1987 budget. Non-oil revenuesare also expected to rise by AD4.86bn to AD78.8bn, meaning that total revenuesare projected at AD103bn ($20.8bn), compared to AD96bn in 1987.
Expenditures also rise by AD5bn in 1988 to AD113bn ($22.8bn), divided...