Middle East Economic Survey

VOL. LIV

No 44

31-Oct-2011

ALGERIA

Algerian Draft Budget Projects Lower Spending In 2012

The Algerian draft budget for 2012 projects a 10.2% fall in expenditure compared to the 2011 supplementary budget which had raised total expenditure from the original figures approved in November 2010 (MEES, 31 January). The budget, approved by the government earlier this month, will be based on an oil price assumption of $37/B (unchanged from 2011), and a nominal marketing...