Middle East Economic Survey
VOL. XLIX
No 3
16-January-2006
ALGERIA
Algerias 2006 Budget Projects $13Bn Deficit On $19/B Oil Price
Algerias budget for 2006 projects a large deficit of AD963.5bn ($13bn)1 based on projected petroleum revenues of AD916bn ($12.4bn) and an extremely conservative oil price of just $19/B. Since 2003, Algeria has stubbornly stuck to this oil price assumption, despite world oil prices of over $50/B, while other oil exporters have begun to revise their figures upwards (MEES,...
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