Middle East Economic Survey

VOL. XLIX

No 43

23-Oct-2006

ALGERIA

Algerias 2007 Draft Budget Projects $25Bn Deficit On $19/B Oil Price

Algerias 2007 draft budget, submitted for approval to the National Assembly (Assemblée Populaire Nationale APN) on 14 October, projects a deficit of AD1821.1bn ($24.57bn), down from the AD1,871bn ($25.24bn) in the 2006 supplementary budget. The 2007 draft budget, based on a conservative $19/B oil price assumption, projects total revenues of AD1,802.6bn ($24.31bn) up...