Falling oil prices force Algeria to confront heavy spending and subsidies

December 20, 2014 9:15 AM

6 0

Falling oil prices force Algeria to confront heavy spending and subsidies

This Sept. 29, 2010 photo shows a traffic jam in Algiers, Algeria. With oil prices at their lowest in five years, North Africa’s hydrocarbon giant Algeria is feeling the pinch and may have to re-examine generous and massive public spending to confront social unrest. (AP Photo/Anis Belghoul) (The Associated Press)

In this July 10, 2013 photo, customers line up at the meat market of Algiers, Algeria. With oil prices at their lowest in five years, North Africa’s hydrocarbon giant Algeria is feeling the pinch and may have to re-examine generous and massive public spending to confront social unrest. Oil revenues ...

Read more

To category page

Loading...