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To: Snowshoe who wrote (158740)	10/21/2011 8:48:41 AM
From: elmatador	Respond to of 206128

Oil exporters have money to buy social peace: Algeria responded to the Arab Spring with public sector wage rises, more generous food subsidies (lowered the custom duties and taxes on sugar and other food stuffs by 41% as a temporary act to cut prices) and handouts to the young unemployed; with foreign currency reserves of about $150 billion, it can continue to do this. But it faces a long-term threat: gas production from Algeria's biggest fields has reached a plateau and will soon start dropping. There is growing acknowledgement in the government that the restrictive hydrocarbons law must be liberalized to spur gas investment, but so far no reform plans have been announced

To: Snowshoe who wrote (158740)	10/21/2011 9:11:14 AM
From: elmatador	Respond to of 206128

Algeria govt to maintain food subsidy, has no intention to withdraw subsidy on consumer products, Minister of Agriculture and Rural Development Rachid Benaissa said on Saturday. Algeria govt to maintain food subsidy Updated: 2011-09-26 09:24 govt to maintain food subsidy Algeria,subsidy,consumer products,Agriculture1159074Africa2@webnews/enpproperty--> ALGIERS - Algeria has no intention to withdraw subsidy on consumer products, Minister of Agriculture and Rural Development Rachid Benaissa said on Saturday. The state-run radio quoted Benaissa as saying that the proposal of cancelling of staple food subsidy, including those of bread and milk, is not on the agenda. The government decided in January to suspend the 5 percent taxes imposed on imported red sugar and cooking oil for 8 months, in order to bring prices down in the local market, amid four-day popular protests across 20 provinces in the North African nation over soaring prices. The government also suspended for the same period the 17 percent customs duties and value added tax on imports of white sugar, in addition to the suspension of 19 percent tax on revenues of enterprises specialized in importing brut sugar and cooking oil, and 25 percent tax on revenues of distributors of these staples.