Revenue Regulation Fund
| Algeria | US$ 56.7 Billion |
|---|---|
| Established: 2000 Transparency Rating: 1 |
Origin: Oil Firm Investment Style: N/A Entity Structure: Fund |
Summary
By far Algeria’s most significant exports, financially, are petroleum and natural gas. Hydrocarbons provide Algeria with almost two-thirds of government income and over a third of GDP. The stabilization fund was set up in 2000 to insulate the Algerian economy from price volatility in gas & oil commodity prices. The official name is the Fund for the Regulation of Receipts (FRR). It is also known as Fond de Regulation des Recettes (FRR). Fund contributions stem from annual oil taxation surpluses.
The FRR is funded by the differences between the price of oil sold on the market and the reference price ($37 per barrel) on the basis of which is established on the state budget.
It is managed by the Banque d’Algérie.
