Middle East Economic Survey
VOL. XLVII
No 34
23-August-2004
ALGERIA
BUDGETS AND REVENUES
Algeria 2005 Draft Budget Based On $19/B
The Algerian cabinet on 12 August discussed the countrys 2005 draft finance bill, which is based on an oil price of $19/B, the same used for 2003 and 2004. The bill includes a large $50bn spending plan for the next five years, with some $25bn earmarked for development projects. The main objectives of the 2005 finance law project is to preserve macroeconomic and financial...
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