Algeria : Staff Report for the 2002 Article IV Consultation

1DZAEA0012003 Image
Price:  $15.00

Release Date: © March, 2003
ISBN : 978-1-45181-138-4
Stock #: 1DZAEA0012003
English
Stock Status: On back-order

Languages and formats available

EnglishFrenchSpanishArabicRussianChinesePortuguese
PaperbackYes

Description

This 2002 Article IV Consultation highlights that the overall budget balance of Algeria weakened in 2001 and the first half of 2002. This deterioration mainly reflected higher spending and a decline in hydrocarbon revenues owing to a reduction in volumes and prices. The overall balance dropped from a surplus of 9.8 percent of GDP in 2000 to a surplus of 3.4 percent of GDP in 2001 and to a small deficit in the first half of 2002. Regarding structural reforms, some progress has been achieved in two areas: economic liberalization and privatization/public sector restructuring.




More publications in this series: IMF Staff Country Reports