Algeria Cuts 1986 Budget Expenditures by 20%
Algeria's 1986 budget is to be cut by 20% as a result of falling oil revenues, according to Finance Minister Abdelaziz Khellaf. Speaking to the parliament's Finance and Planning Commission on 21 April, Mr. Khellaf said that state revenues are now estimated at 26% less than in the budget voted last December, and that as a result the administrative and development budgets would each be cut by some 20%, leaving a deficit of...
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