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Algeria: The International Monetary Fund (IMF) has stated that Algeria 's decision to opt for cash financing to reduce budget deficits could lead to an increase in the number of people in Algeria. inflation, with the non-oil sector remaining weak.
Algeria relies heavily on the oil and gas sector, which accounts for about 94% of total exports and 60% of the state budget.
In a report that there was not enough control, increased liquidity would be possible
The government imposed restrictions on the importation of certain commodities, including including food and appliances, as part of measures to reduce spending and offset lower energy revenues since 2014.
"The government may need more cash in the coming years, could spiral into an inflationary spiral, "says the report.
Government data show that inflation in Algeria drops to 5.6% in 2017 against 6.4%
Source: Reuters
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