Financial and Banking News
BUDGETS AND REVENUES
Revenues and Expenditures Rise in 1988 Algerian Budget
Details of the 1988 Algerian budget (summarized in MEES, 18 January) showthat while oil remains the major source of revenue at AD24.2bn ($4.7bn at thecurrent exchange rate of AD5.2=$1), it will contribute only 24% of forecasttotal revenue of AD103bn ($19.8bn), with business taxes following closely atAD23bn ($4.4bn), or 22.3% of the total. Direct taxes are expected...