NOS. 13/14

26-DEC-94/2 JAN 95

Financial and Banking News

Budgets & Non-Oil

Algerian Budget Deficit Exceeds Forecasts

The Algerian budget for 1994 will end up with a deficit of AD148bn ($3.62bn),or 8% of GDP, according to figures presented in mid-December by the AlgerianGovernment. The figure is 6% higher than the deficit of AD139.6bn ($3.41bn)contained in the revised budget for 1994, which projected revenues at AD474.1bn($11.60bn) and expenditures at AD613.7bn ($15bn) MEES, 8...