Middle East Economic Survey
Algerias 2007 Budget Projects $25Bn Deficit Due To Low $19/B Oil Price Assumption
Algerias 2007 draft budget, based on the conservative oil price of $19/B, was approved by the Algerian parliament on 29 October. Petroleum revenue for 2007 is projected at AD973bn ($13.20bn), slightly higher than the budgeted figure of AD916bn ($12.43bn) in 2006 (MEES, 28 November 2005). Total revenue is set at AD1,802.6bn ($24.31bn) while total...