Algeria’s 2013 Draft Budget Projects Lower Spending
The Algerian draft budget for 2013 projects an 11.2% fall in total expenditure to AD6,880bn ($90.5bn) from AD7,745bn ($101.9bn) in the 2012 supplementary budget. The draft budget was approved by the government in September, but has yet to be ratified by parliament. Total revenue in 2013 is set to rise by 10.1% to AD3,820bn ($50.3bn) from AD3,469bn ($45.6bn) in 2012, with hydrocarbon revenue rising by...
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