VOL. XLV

No 9

4 March 2002

ALGERIA

Algeria Passes $20.2Bn 2002 Budget With $1.32Bn Deficit

Algeria has adopted a 2002 budget withprojected total expenditure of AD1,559.84bn ($20.21bn), estimated revenues ofAD1,457.75bn ($18.88bn) and a deficit of AD102.09bn ($1.322bn), according tofigures published in the Official Gazette (see Table below). While thisnominally represents a huge increase on last years AD17.41bn ($226mn) deficit,closed accounts for 2001 are not available and neither a figure nor...