NO. 16


Financial and Banking News

Budgets & Revenues

Algeria's GDP To Stagnate In Real Terms, Minister Says

Algeria's gross domestic product (GDP) will rise to AD1,300bn ($54.4bn) in1994 compared to AD1,089bn ($45.6bn) in 1993, a rise of 19%, according to thecountry's Budget Minister, Mr. 'Ali Brahiti. However, the Minister noted thatinflation is likely to be 25% during the year. "Practically speaking, GDPwill stagnate," he said. He added that the state budget for...