VOL. XLI

No. 41

12-October-1998

ALGERIA

Algerian Budget Deficit Forecast To Increase 14.7% In1999

The official Algerian news agency, APS, released figures on 4October indicating that Algerias budget deficit would expand to AD161.47bn ($2.84bn)in 1999 compared to AD140.69bn in 1998, a 14.7% increase. The draft budget, which is to bereviewed by parliament later this month, forecasts revenues of AD937.1bn ($14.4bn) for1999, up AD55.1bn from 1998 estimates. The government has budgeted for...