Algeria raises 2020 budget deficit forecast to 10.4% of GDPChristian Fernsby ▼ | May 27, 2020
Algeria expects its budget deficit for 2020 to reach 10.4% of gross domestic product, up from a previous forecast of 7.2%, due to lower revenues from oil and gas, Finance Minister Abderrahmane Raouya said on Tuesday.
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“These are exceptional circumstances,” Raouya said. ■