Financial and Banking News
BUDGETS AND REVENUES
Algerian Budget Forecasts Further Fall in Oil Revenues in 1987
The Algerian budget for 1987, presented to the National Assembly on 25December, forecasts revenues and expenditures roughly in line with the amended1986 budget adopted in the middle of last year, which cut revenues by 25% andallocations by 18% (MEES, 29 September 1986).
The most notable feature of the 1987 figures is a further reduction inforecast oil...