ALGERIA
Algeria Touts Deficit Cut
Algeria needs an oil price of $71/B to “balance” its 2013 budget, according to Finance Minister Karim Judeh. Speaking to state press agency Algerie Presse Service (APS) on 21 September, Mr Judeh defined the “budget balance price” as that which covered “real expenditure” but not “capital investment.”
At $71/B, Algeria would post an overall budget deficit of AD1,138bn ($13.9bn) for...
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