Algeria: Staff Report for the 2004 Article IV Consultation
Electronic Access:
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Summary:
Algeria’s 2004 Article IV Consultation reports that the fiscal expansion has contributed to job creation, but unemployment remains high. The vulnerability of public finances to oil price fluctuations has increased and monetary policy has helped to keep inflation under control. Sound management of high external inflows from hydrocarbon exports is the key to improve the outlook for private sector-driven economic growth and employment. The fiscal adjustment planned by the government will gradually bring the nonhydrocarbon primary deficit to a sustainable level.
Series:
Country Report No. 2005/050
Subject:
Economic sectors Expenditure External debt Financial institutions Public debt Public enterprises State-owned banks
Notes:
Also available online in French.
English
Publication Date:
February 15, 2005
ISBN/ISSN:
9781451811452/1934-7685
Stock No:
1DZAEA2005001
Pages:
55
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