Middle East Economic Survey

VOL. LII

No 3

19-Jan-2009

ALGERIA

Algeria Unveils Expansionary 2009 Budget Based On $37/B Oil Price

Algerias budget for 2009 projects a rise in total revenue of 44.8% to AD2,787bn ($42.9bn) and in total expenditure of 20.1% to AD5,191bn ($79.9bn), with a deficit of AD2,405bn ($37.0bn), unchanged from 2008, according to the budget law which was published in Algerias Official Gazette on 30 December. Petroleum revenue for 2009 (58.4% of total revenue) is projected to rise...