VOL. XLI

No. 18

4-May-1998

ALGERIA

Algerian Budget Published As IMF Facility Comes Up For Review

Final numbers for the Algerian budget for the financial year 1998 have been published in the Official Gazette of 31 December 1997. When the budget was being prepared the oil market had not reached its parlous state as far as producers are concerned, and the budget was based upon a price assumption of $18/B - roughly five dollars above average for the OPEC basket price so far in 1998. The...