Algeria: Staff Report for the 2002 Article IV Consultation
IMF Staff Country Reports, March 12, 2003
Source details
- Canonical URL
- Algeria: Staff Report for the 2002 Article IV Consultation
Other formats
Bibliographic details
- Published: March 12, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451811384.002
Fiscal outcome and hydrocarbon revenues
- The overall budget balance of Algeria weakened in 2001 and the first half of 2002.
- 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.
- The overall balance moved to a small deficit in the first half of 2002.
Structural reforms and public sector measures
- Some progress achieved in two areas:
- Economic liberalization.
- Privatization/public sector restructuring.
Subject coverage and keywords
- Subject: Banking, Economic sectors, Expenditure, External debt, Inflation, Oil prices, Prices, Public enterprises, Structural reforms
- Keywords: CR, euro exchange rate vis-à-vis, hydrocarbon export, hydrocarbon export proceeds, IMF staff estimate, IMF staff representative, Inflation, inflation rate, ISCR, Oil prices, Public enterprises, report, staff appraisal, stronger-than-expected hydrocarbon export volume