NO. 15


Financial and Banking News

Budgets & Revenues

Oil Exporters Struggle To Reconcile Spending Aspirations With Oil PriceDecline

The continuing uncertainty over the direction which oil prices will takeduring 1994 is playing havoc with oil exporters' budget projections for 1994.Those countries which are accustomed to issuing budget forecasts around thebeginning of the year are faced with the unenviable choice of reconcilingthemselves to the present depressed market...