VOL. XLIII

No. 17

24-April-2000

ALGERIA

Algeria Drafts 2000 Budget Based On $19/B, Economy Struggles Along

The Algerian Government is preparing a revised budget for this year based on an average crude oil price of $19/B, $4 higher than the initial projection, Finance Minister 'Abd al-Latif Benachenhou told Reuters on 11 April during a meeting of Arab finance ministers in Fes, Morocco. The government had already approved in November a budget projected at $15/B, which estimated a deficit of AD220bn...