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...
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