October 5, 2017 / 12:05 PM / 3 years ago

Algeria plans to increase budget spending by 25 pct in 2018

ALGIERS (Reuters) - Algeria plans to increase state spending by 25 percent in 2018 despite growing financial pressure caused by a fall in energy earnings, the presidency said on Thursday after a cabinet meeting.

The government expects a budget deficit of 9 percent of gross domestic product in 2018, up from the 8 percent forecast for this year, but down from 14 percent in 2016, the presidency said in a statement.

Reporting by Hamid Ould Ahmed; Editing by Ulf Laessing and Gareth Jones

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