Albanian slump

Wednesday 29 July 1992 23:02 BST

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Tirana (Reuter) - Albanian government revenues have collapsed and the state faces a yawning budget deficit this year, the Finance Minister, Genc Ruli, said yesterday. Presenting this year's budget - the first in two years - Mr Ruli said government revenue in the first half of 1992 stood at 16 per cent of national output, down from 47 per cent in 1990.

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