EconSource: Algeria Sees Energy Earnings, Reserves Dropping Sharply in 2016

Algeria’s energy earnings are forecast to fall to $26.4 billion and foreign exchange reserves to $121 billion as low oil prices cut into the country’s economy, Finance Minister Abderrahmane Benkhalfa said on Sunday. Algeria had previously said energy earnings would fall by 50 percent this year to about $34 billion. Algeria is considering higher taxes, … Continue reading EconSource: Algeria Sees Energy Earnings, Reserves Dropping Sharply in 2016