VOL. XLIV

No. 11

12-March-2001

ALGERIA

Algeria Passes $16.4Bn 2001 Budget With $228Mn Deficit

The Algerian Parliament has approved the year 2001 budget with a projected total expenditure of AD1,251.79bn ($16.39bn), estimated revenues of AD1,234.38bn ($16.16bn) and a resultant deficit of AD17.41bn ($228mn see Table below). This represents a 92% drop in the revenue shortfall when compared with the year 2000 deficit figure of AD226.7bn ($2.97bn). According to figures published in the Official...