Financial and Banking News
BUDGETS AND REVENUES
Oil Revenues Play Shrinking Role in 1987 Algerian Budget
Although revenues in the 1987 Algerian budget are forecast to rise to AD96bn($20.7bn) from AD90.7bn in the amended 1986 budget, oil revenues, at AD22bn($4.8bn), account for only 22.9% of this total, down from 32.2% in the final1986 budget and 39% in the original 1986 figures. Oil is now almost on a paras a source of revenue with corporation taxes, forecast at...