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...