Les cahiers du CREAD
Volume 34, Numéro 2, Pages 53-74
2019-05-05

Rethinking The Fiscal Risk Management Framework In Algeria



Authors : Merghit Abdelhamid .

Abstract

Algeria as - commodity exporter country- faces fiscal risk from diverse sources, including volatility of oil prices, state-owned enterprise risks, and other macroeconomic and specific shocks. Historically, these shocks, especially sudden declines in oil prices, have had an adverse impacts on the economic activity and public finances. However, this paper finds that Algeria currently has some tools to mitigate some risks, while, there is not a comprehensive framework to analyze and manage all fiscal risks. Hence, the study emphasized that Algeria may need to rethink its fiscal risk management framework through putting in place international best practice , in order to ensure sound fiscal public finances and more macroeconomic stability.

Keywords

Fiscal risk- Oil prices volatility - Public finances- Risk management- Algeria.

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