Algeria: Staff Report for the 2002 Article IV Consultation

March 12, 2003

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Algeria: Staff Report for the 2002 Article IV Consultation, (USA: International Monetary Fund, 2003) accessed September 19, 2024

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.

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

Publication Details

Pages:

54
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/068
Stock No:

1DZAEA0012003
ISBN:

9781451811384
ISSN:

1934-7685

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