NO. 20


Financial andBanking News

Budgets & Revenues

Political Questions Uppermost As Algeria's Debt Service Starts To Falter

The Algerian budget for 1994, the full text of which was published in theOfficial Gazette of 30 December 1993, projects a 22% increase in revenues, basedon increased non-oil revenues, particularly tax collection. With expenditurepegged close to its 1993 level, the budget deficit is projected to fall sharply.The budget is based on a price of...