{"id":51232,"date":"2015-06-10T19:00:00","date_gmt":"2015-06-10T21:00:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/algerias-tax-revenues-from-oil-shrink\/"},"modified":"2019-06-30T12:59:22","modified_gmt":"2019-06-30T15:59:22","slug":"algerias-tax-revenues-from-oil-shrink","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/algerias-tax-revenues-from-oil-shrink\/","title":{"rendered":"Algeria\u2019s tax revenues from oil shrink"},"content":{"rendered":"<p>S&atilde;o Paulo &ndash; Tax revenues from the oil industry in Algeria reached 569.5 billion Algerian dinars (slightly over US$ 5.8 billion) in quarter one 2015, down 28% from the comparable year-ago period, the Directorate-General of Taxes (GDT) reported this Wednesday (10th), according to news outlet <em>Alg&eacute;rie Presse Service (APS)<\/em>.<\/p>\n<p>The reason was the falling oil prices on the international market. Oil-related tax revenues are a crucial element of the national budget. For the sake of illustration, total quarter-one tax collection was 1.136 trillion dinars (US$ 11.6 billion), i.e. oil accounted for more than half. <\/p>\n<p>Ordinary revenues, comprising taxes, fees and contributions, reached 566.1 billion dinars (roughly US$ 5.8 billion), up 11% from Q1 2014, while overall revenues (ordinary and oil revenues) were down 13%.<\/p>\n<p>Algeria&rsquo;s oil exports grossed US$ 10.62 billion in Q1 this year, down 31.75% from Q1 2014.<\/p>\n<p><strong>*Translated by Gabriel Pomerancblum<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The oil industry accounts for over half of the country\u2019s budget. Falling prices led to a 28% decline in quarter one this year.<\/p>\n","protected":false},"author":2316,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-51232","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The oil industry accounts for over half of the country\u2019s budget. Falling prices led to a 28% decline in quarter one this year.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/51232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=51232"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/51232\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=51232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=51232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=51232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}