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[Budget] 2023 Algeria
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AmericanNewt8 is
in
Budget
Post Body
Modular Budget
- Budget Year 2023
- GDP $182,100,600,000
- GDP Growth % 8.20%
- GDP Per Capita $3,957.26
- Expenditure $63,156,000,000
- Expenditure % GDP 30.70%
- Revenue % GDP 27.80%
- Deficit % GDP 2.90%
- Deficit/Bonds Issued $12,532,033,200
- Debt $68,668,095,037
- Debt % GDP 37.71%
- GICRA Credit Rating B-
- Bond Interest Rate 4.25%
- Population 46,016,795
- Population Growth 1.47%
- Procurement % 15.00%
| Category | Percentage | Allocated Funds | GDP % |
|---|---|---|---|
| General Defense | 13.46% | $8,500,000,000 | 4.67% |
| Research & Procurement | 2.38% | $1,500,000,000 | 0.82% |
| Social Security and Welfare | 23.75% | $15,000,000,000 | 8.24% |
| Health Care | 11.56% | $7,300,000,000 | 4.01% |
| Law Enforcement & Security | 7.92% | $5,000,000,000 | 2.75% |
| Education | 13.46% | $8,500,000,000 | 4.67% |
| Infrastructure & Transportation | 4.75% | $3,000,000,000 | 1.65% |
| Government | 4.75% | $3,000,000,000 | 1.65% |
| Science/Technology | 0.79% | $500,000,000 | 0.27% |
| Investment/Subsidies | 4.75% | $3,000,000,000 | 1.65% |
| Food & Agriculture | 6.33% | $4,000,000,000 | 2.20% |
| Foreign Aid | 0.79% | $500,000,000 | 0.27% |
| Energy/Environment | 0.79% | $500,000,000 | 0.27% |
| Debt Interest | 4.52% | $2,856,000,000 | 1.57% |
Total Imports $0
Total Exports $44,890,000,000
Trade Deficit $44,890,000,000
Trade Deficit %GDP 24.65%
| Product Exported | Value | % Total Imports |
|---|---|---|
| Crude Petroleum | $21,000,000,000 | 46.78% |
| Refined Petroleum | $12,000,000,000 | 26.73% |
| Petroleum Gas | $8,000,000,000 | 17.82% |
| Nitrogenous Fertilizer | $1,600,000,000 | 3.56% |
| Ammonia | $300,000,000 | 0.67% |
| Hydrogen | $250,000,000 | 0.56% |
| Tropical Fruits | $140,000,000 | 0.31% |
| Raw Sugar | $200,000,000 | 0.45% |
| Precious Metals | $1,000,000,000 | 2.23% |
| Other | $400,000,000 | 0.89% |
Notes: Strong growth propelled by increased oil and gas prices has helped ameliorate the present crisis but has not solved endemic issues in the Algerian economy. Sources include IMF projections and the OEC Atlas, among others. Algeria is expected to shrink slightly next year as crude prices lower, partially offset by increased LPG exports.
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