Middle East Economic Survey
Algerias 2006 Budget Projects $13.2Bn Deficit; Petroleum Revenue At $12.6Bn
Algerias 2006 draft budget, based on the conservative oil price of $19/B, has been approved by the Algerian parliament. Petroleum revenue for 2006 is projected at AD916bn ($12.6bn), slightly higher than the budgeted figure of AD899bn ($12.3bn) in 2005 (MEES, 28 February). Total revenue is set at AD1,667.9bn ($22.9bn) while total expenditure at...