Egypt's budget deficit worsens to 6.7% in first 8 months of FY2023/24

Citing Minister of Finance Mohamed Maait

Staff Writer, Arab Finance

March 11, 2024

PHOTO

Egypt's overall budget deficit widened 6.7% of gross domestic product (GDP) during the first eight months of the current fiscal year (FY) 2023/2024, compared to 5% in the same period a FY earlier, Asharq Business reported, citing Minister of Finance Mohamed Maait.

In a press conference, Maait said that the primary surplus amounted to EGP 193 billion, compared to EGP 41.8 billion.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO