VOL. XXXIX

No. 33

13-May-1996

ALGERIA

Lower Budget Deficit In Algeria As Economic Reforms Continue In 1996

The Algerian Government is projecting a 33% fall in its 1996 budget deficit to AD99.4bn ($1.8bn), according to the budget law published in the Official Gazette, which recently became available. As a percentage of total expenditure, the deficit in 1996 amounts to 11.7%, compared to 20.2% in 1995. Total revenue in 1996 is projected to rise by 27.7% to AD749.2bn ($13.9bn) and...