Middle East Economic Survey

VOL. LIII

No 7

15-Feb-2010

Algeria Unveils 2010 Budget With 12.9% Increase In Expenditure

Algerias budget for 2010 projects a rise of 10.6% in total revenue to AD3,081.5bn ($42.2bn) and an increase of 12.9% in total expenditure to AD5,869.9bn ($80.4bn), with a resulting deficit of AD2,779.4bn ($38.1bn), slightly up on 2009, according to the budget law which was published in Algerias Official Gazette of 31 December 2009. The deficit will be covered from Algerias...