ALGERIAN ECONOMY SEES SLIGHT IMPROVEMENT

ALGIERS, Minister of Finance Abderrahmane Raouya says the Algerian economy has seen some slight improvement in the first few moths of the year as reflected in the macro-economic indicators.

Within a context characterized by pressure on the internal and external financial balances because of the drop in oil prices since 2014, the Algerian national economy had recorded a slight drop in the macro-economic and financial imbalances, Raouya said when presenting the 2018 Supplementary Finance Bill in the People’s National Assembly here Tuesday.

This situation had resulted in a relative improvement in some indicators during the first months of 2018, notably the downtrend in the trade deficit, which dropped to 860 million US dollars in the first four months of this year compared with a deficit of 3.88 billion USD during the same period in 2017.

That is the result of the decline in imports by 4.8 per cent and the increase in hydrocarbon exports by 17.8 per cent during the first four months of 2018.

Total imports fell because of the decline notably in imports of non-food items by 24 per cent despite the increase in the value of food imports by 5.0 per cent.

Source: Nam News Network

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