Some Algerians will head to the polls on 1 November to vote on a revised constitution which President Abdelmadjid Tebboune says will mark the beginning of a “New Algeria.”
But many Algerians will likely stay at home. (CONTINUED - 1518 WORDS)
Algeria’s New Constitution: The System’s Last Gasp?
The Algerian social contract has largely depended on two things: oil and gas export revenue, and revolutionary legitimacy. Both have fallen a long way. But the system is trying to reinvent itself.
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IN THIS ARTICLE
Charts
1: Algeria’s Fiscal Deficit Is Set For A Hefty Rise In 2020 (% Of GDP)
2: Algeria Is Set For Its Seventh Straight Current Account Deficit In 2020 (% Of GDP)
3: Algeria’s Crude Output Is Set For An 18-Year Low In 2020 At Just 900,000 B/D (Mn B/D)
4: Algeria’s Crude And Condensate (Mn B/D) In 9M20 Is Down 23% On Decade Ago Numbers. Exports Are Down By More At 33%
5: While Algeria’s Gas Production (BCM) Fell Slightly In 8M20, Domestic Consumption Continued To Eat Into Exports Which Now Stand At Just 40% Of Production
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