Fiscal Balance in Algeria

Algeria Fiscal Balance | Economic News & Forecasts

Algeria - Fiscal Balance

Large scale protests continued to erupt after the general election, which had been planned for 4 July, was postponed indefinitely. Citizens have been demanding the resignation of interim President Bensalah, who is deemed too close to former President Bouteflika. Meanwhile, sweeping anti-corruption investigations have recently led to the arrest of two former prime ministers, as well as several other prominent businessmen and politicians, some connected to state oil company Sonatrach. Though fighting corruption is much needed, the disruption could further impede Sonatrach’s bid to attract crucial foreign investment this year and risks magnifying the economic paralysis which, according to analysts, could lead to sharp increases in unemployment.

Algeria - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-0.4  -7.3  -15.3  -13.0  -6.6  

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Algeria Fiscal Balance Chart

Algeria Fiscal
Note: Fiscal balance as % of GDP.
Source: Bank of Algeria.

Algeria Facts

Exchange Rate119.1-0.11 %Jul 11

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