NO. 15


Financial and Banking News

Public Finance

Algeria Sees Energy Exports Of $9.2Bn In 1995 Based On $16/B

Algeria is basing its budget calculations for 1995 on a price of $16/B forits crude oil, slightly below the average price for 1994. The 1994 budget wasinitially based on a price of $18/B but this was later revised downwards. Thebudget for 1995 projects revenues of AD586.5bn ($14.3bn) against spending ofAD734.9bn ($17.9bn). The deficit is set at AD148.4bn...