Algeria’s 2014 Draft Budget Ups Deficit By 12.4%
Algeria’s 2014 budget indicates a deficit of AD3,438bn ($43.6bn at $1=AD78.8), up 12.4% on 2013. The 2014 deficit will represent 18.1% of GDP, up from 12.8% for 2013. The draft law was presented to parliamentary committees this week, ahead of a later full debate in parliament.
The cabinet meeting, chaired by the ailing President Abdelaziz Bouteflika, was the first since his return from France,...