VOL. XLVI

No 11

17-March-2003

ALGERIA

Algeria Passes $21.44Bn Budget For 2003 With $3.25Bn Deficit

Algeria has passed a budget for 2003 which projects total revenues of AD1,451bn ($18.19bn) and total expenditure of AD1,711bn ($21.44bn) with a resultant deficit of AD259.7bn ($3.25bn). Revenue and expenditure projections see a rise across the board compared to last years budget figures, except for petroleum revenues which are forecast to fall to AD836bn ($10.5bn) the 2002 budget was based on an oil...