VOL. XLV

No 37

16-September-2002

ALGERIA

Algerias 2003Budget Based on Oil Price Of $19/B

The Algerian Government has drafted its budget for 2003based on an average oil price of $19/B. The budget envisages a GDP growth rateof 6.5% in 2003, up from the 4.43% expected in 2002, but no figures forexpected revenues and expenditures have been published. According to Minister ofCommunications and government spokeswoman, Khalida Toumi, the budget aims to support investment andemployment, encourage savings...