Algeria - Public finance



Algeria's fiscal year coincides with the calendar year. Government expenditures increased rapidly from independence until 1986, when IMF adjustment plans attempted to curb spending. Government expenditures have continued to rise, despite austerity measures and the spread of liberalization to the economy. Instead of gaining funds from the sale of state-run industry, the government has had to foreclose companies for a lack of investors. About 60% of total government revenue came from the petroleum and natural gas industries, which are still state-operated.

The US Central Intelligence Agency (CIA) estimates that in 2001 Algeria's central government took in revenues of approximately $20.3 billion and had expenditures of $18.8 billion including capital expenditures of $5.8 billion. Overall, the government registered a surplus of approximately $1.5 billion. External debt totaled $24.7 billion.

The following table shows an itemized breakdown of government revenues. The percentages were calculated from data reported by the International Monetary Fund. The dollar amounts (millions) are based on the CIA estimates provided above.

Algeria

REVENUE AND GRANTS 100.0% 20,300
Tax revenue 90.0% 18,265
Non-tax revenue 10.0% 2,035
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