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Algeria Set For $5bn 2018 Trade Deficit: As Good As It Gets?
...l prices. At the start of the 2000s Algeria’s conservative budget assumptions meant the country racked up trade surpluses even when crude was $25-30/B (see chart 3). But the country posted a series of blowout budgets from 2011 as Algiers distributed largesse on the back of $100/B-plus crude in a bi...
Volume: 61Issue: 49Published at Fri, 07 Dec 2018 -
Tunisia Oil Output Rebound From Protests, Fundamental Problems Remain
...oblems remain. Output has been in long-term decline, the result of a collapse in exploration. The country had over 50 active exploration permits at the start of the decade. The number fell after instability rose following the revolution at the start of 2011, which also saw key officials ousted and ot...
Volume: 60Issue: 49Published at Fri, 08 Dec 2017 -
Dollar Strength Lessens Impact Of Oil Price Slide
...eir revenue since prices hit their peak in mid-June. The OPEC basket then briefly topped $110/B; since OPEC decided against cutting output on 28 November its value has fallen below $70/B. Current prices (OPEC Basket) of around $68/B are 37% down on the $107/B that they averaged between January 2011...
Volume: 57Issue: 49Published at Fri, 05 Dec 2014 -
Oman Poised To Curb State Expenditure In 2014
...ys soaring government expenditure between 2010 and 2013 became a major challenge for the state, especially given that some 75% of the total went on current expenditure, which cannot be reduced easily. In the wake of the Arab Spring, Oman in early 2011 embarked on a policy of social spending in order to...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
Oman Announces Record 2013 Budget
...presenting 15% of revenue and 5% of GDP, up from the projected deficit of OR1.2bn ($3.12bn) in 2012. The budget was drawn up in line with the objectives of the eighth five-year development plan 2011-15, Mr Balushi noted. The minister explained that while the 29% increase in expenditure will be a record le...
Volume: 55Issue: 49Published at Fri, 30 Nov 2012