Financial and Banking News
BUDGETS AND REVENUES
1985 Algerian Budget Projects 8.4% Fall in Oil Revenues
Despite an anticipated 8.4% decline in oil revenues in 1985, overall revenues and expenditures are both projected to rise in the 1985 Algerian budget, by 6.7% and 10.6% respectively.
1985 revenues are estimated at 113,000mn dinars ($21.3bn at an exchange rate of DA5.3=$1), up from DA105,872mn in 1984. Oil is expected to provide DA52,000mn ($9.8bn) as compared to DA56,776mn in 1984,...