VOL. XXXIX

No. 25

18-March-1996

ALGERIA

Algeria Projects Fall In 1996 Budget Deficit

In its draft economic program for 1996, the Algerian Government is projecting a budget deficit of AD99.4bn ($1.9bn), down 33% from the deficit of AD148.4bn ($2.8bn) in 1995. Total revenue is set at AD749.2bn ($14.0bn) and total expenditure at AD848.6bn ($15.9bn). The latter includes an allocation of AD124.4bn ($2.3bn) to state-owned companies in order to alleviate their heavy debt burden and AD113.0bn...