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CAIRO, EGYPT - September 24: The Four Seasons Hotel and the Grand Nile Tower Hotel on September 24, 2017 in Cairo, Egypt. Overview photos of Cairo's buildings, cityscape and infrastructure from above taken from Cairo Tower in Zamalek. (Photo by David Degner/Getty Images) Image used for illustrative purpose.
Arab Finance: Egypt achieved a primary surplus of EGP 170 billion from July to November of fiscal year (FY) 2024/25, compared to EGP 60.8 billion during the same period in FY2023/24, as per an official statement.
The primary surplus is the largest recorded during the five months, three times higher than the amount registered in the previous FY.
During the four-month period from July to October 2024, Egypt’s general budget recorded a primary surplus of EGP 130.2 billion, representing 0.76% of gross domestic product (GDP).
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