Abdelaziz Bouteflika agreed to buy $7.5 billion worth of combat planes, air-defense systems and other arms from Russia, according to the head of Russia's state arms exporter Rosoboronexport.
Algeria also decided in 2006 to pay off its full $8 billion (£4.3 billion) debt to the Paris Club before schedule. This would reduce the Algerian foreign debt to less than $5 billion in the end of 2006. The Paris Club said the move reflected Algeria's economic recovery in recent years.
In 2011 Algeria announced a budgetary surplus of $26.93 billion, 62.46% increase in comparison to 2010 surplus. In general, the country exported $73.39 billion worth of commodities while it imported $46.45 billion
