The strong hydrocarbon export performance has allowed Algeria to strengthen its external position and record a budget surplus. Executive Directors commend the government for the broad improvement in macroeconomic indicators. The government has eased the fiscal stance, and this strategy has succeeded in boosting short-term growth. The surge in credit to the economy is a concern. Algeria should reinvigorate its structural and institutional reform efforts to put the economy on a sustainable path of higher growth, lower unemployment, improved social conditions, and reduced poverty.followed up on their initial intention to assign GFS leadership to the Ministrya#39;s General Directorate of Accounting. ... The on-going changeover to an enhanced chart of accounts of the Treasury would be an ideal occasion to revamp the wayanbsp;...
|Author||:||International Monetary Fund|
|Publisher||:||International Monetary Fund - 2004-02-10|