Middle East Economic Survey
Algerias 2005 Budget Projects $4.4Bn Deficit; Petroleum Revenues At $12.6Bn
Algerias budget for 2005 projects a deficit of AD314bn ($4.4bn), with total revenue forecast at AD1,636bn ($22.8bn) and total expenditure at AD1,950bn ($27.2bn), according to the Official Gazette. (All AD/$ conversions are calculated at the January 2005 rate of $1 = AD71.6.) Petroleum revenues account for AD899bn ($12.6bn) or 55% of total revenues, while...