Algeria: Selected Issues Paper

Algeria: Selected Issues Paper
ISBN-10
1484341406
ISBN-13
9781484341407
Series
Algeria
Category
Business & Economics
Pages
69
Language
English
Published
2014-12-11
Publisher
International Monetary Fund
Author
International Monetary Fund. Middle East and Central Asia Dept.

Description

This Selected Issues paper discusses the need to meet Algeria’s fiscal challenges. Although Algeria enjoys substantial fiscal savings, fiscal policy is currently on an unsustainable path. Under current projections, Algeria will deplete its financial savings in the long term, leaving future generations worse off. To restore fiscal sustainability and ensure intergenerational equity, Algeria will need to undertake significant and sustained fiscal consolidation in the coming years. Successful fiscal consolidation will depend on both mobilizing more revenues and rationalizing expenditures. If done right, fiscal consolidation can restore sustainability while minimizing the impact on economic growth and enhancing equity.

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