Treasury : 2013 deficit lower than expected in Algeria

The Treasury deficit recorded a decrease of 29% in 2013 compared to theactual deficit of 2012 estimated at DZD 2,310.4 billion (USD 29 billion). This decreaseis lower than 2014 Finance act (LF) forcasts  according to the latest data publishedby the Ministry of Finance.Also, these data represent 80% of the deficit expected by 2013 LF, according to areport from the Treasury Department (DGT) which states that almost all of the deficitwas covered from samples of the Revenue Regulation Fund (RIF).2014 Finance Act, which provided a GDP of DZD 16,177.4 billion (USD 213 billion),expected a deficit of DZD 3,059.8 billion (18.9% of GDP) and a Treasury deficit of DZD2889,6 billion, i.e. or 17.9 % of the GDP.Budget revenues totaled DZD 3.878 (USA 49 billion), i.e. a slight increase compared to2012 (DZd 3.804 billion) while expenditures decreaseed of nearly 14 % to DZD6092.12 (USD 77 billion) against DZD 7058.17 in 2012.