IMF Staff Country Reports

Algeria: Staff Report for the 2002 Article IV Consultation

Publication Date:

March 12, 2003

Electronic Access:

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Summary:

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.

Series:

Country Report No. 2003/068

Subject:

Banking Economic sectors Expenditure External debt Inflation Oil prices Prices Public enterprises Structural reforms