Algeria

This Selected Issues paper on Algeria reports that the authorities have relied on an expansionary fiscal stance to stimulate growth and employment, but structural reforms have virtually stalled. Although the economy has recorded increasing growth, the nonhydrocarbon sector remains small and unemployment pervasive. The current political stability and a strong financial position provide a favorable framework for taking decisive steps to strengthen private sector activities and to complete the transition to a market economy.Gross domestic product;Oil prices;Oil revenues;Public finance;Selected issues;fiscal policy, hydrocarbon sector, natural gas, fiscal sustainability, fiscal stance, crude oil, oil and gas, hydrocarbon reserves, oil production, opec, fiscal management, government spending, crude oil production, oil reserves, gas production, capital expenditure, geological survey, hydrocarbon resources, fiscal expenditure, government revenue, probable reserves, refined products, expenditure increases, budget constraint, government expenditure, primary deficit, fiscal framework, expansionary fiscal, fiscal vulnerability, fiscal rules, budget law, crude oil reserves, fiscal policies, fiscal rule, natural resources, fiscal balance, natural gas production, fiscal expenditures, gas price, government budget, public debt, budget deficit, renewable resources, fiscal frameworks, gas market, oil-producing countries, public spending, expenditure programs, gas exports, nonrenewable resources, oil production capacity, natural gas plant, prudent fiscal policies, gas consumption, expenditure policy, gas plant, economic studies, prudent fiscal management, quasi-fiscal deficits, expansionary fiscal stance, gas reserves, fiscal revenues, budget revenues, primary expenditure, taxation, oil crises, expansionary fiscal policy, fiscal revenue, fiscal deficits, tax revenue, energy information administration, capital expenditures, expenditure cuts, fiscal policy rules, hydrocarbon law, aggregate demand, fiscal adjustment, proven natural gas, public expenditure, natural gas plant liquids, natural gas reserves, tax rates, fiscal targets, oil price changes, natural gas discovery, national oil, international oil prices, oil exporting countries, associated gas, gas pipeline, tax base, debt service, gas projects, oil producing, world oil prices, additional fiscal resources, budget process, crude oil production capacity, gas liquefaction, fiscal resources, gas contracts, oil exporter, oil exploration, long-term fiscal sustainability, gas fields, gas extraction, fiscal policy decisions, government budget constraint, prudent fiscal policy, oil field, oil fields, natural gas projects, fiscal costs, oil recovery, mineral reserves, gas prices, power generation, oil sector, budgetary process, oil exports, pipeline capacity, economic stability, fiscal transparency, world market prices, budgetary impact, natural gas project, fiscal position, oil company, budget deficits, gas imports, percent of production, liquefied natural gas, gas demand, economic theory, gas discovery, petroleum products, natural gas liquids, fiscal strategy, world oil production, petrochemical industry, fiscal spending, oil companies, fiscal flexibility, stable fiscal policy, natural gas exports, natural gas market, hydrocarbon potential, expenditure adjustments, tax structure, foreign capital, fiscal surpluses, fiscal operations, government expenditures, gas activities, gas market developments, fiscal imbalances, public expenditures, natural gas consumption, medium-term budgetary frameworks, oil producing countries