BUDGETS AND REVENUES
Algeria Uses $7.5Bn In Surplus Oil Revenues To Reduce Public Debt
Algeria has used $7.5bn in oil receipts from the countrys regulation fund to help ease its debt burden. According to the IMF, Algerias external debt stood at 41.3% of GDP in 2001 (MEES, 17 March). The fund, which was created in 2000, contains surplus hydrocarbons revenues which have been earned over and above the average oil price assumption fixed in the countrys annual...