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Cairo-Egypt

Egypt’s budget deficit narrowed in H1

: Tuesday, February 04 - 2014 @ 00:32

Egypt’s finance ministry has said the country’s budget deficit reached EGP89.4bn ($12.84bn) or 4.4% of economic output in the first half of this fiscal year, less than in same period a year before, Reuters has reported. The deficit narrowed from EGP91.472bn in the first half of the last fiscal year, which ended in June. That was the equivalent of 5.1% of gross domestic product.

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Tuesday, February 4- 2014 @ 0:32 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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