CitiBank expects Egypt’s fiscal deficit to remain in double digits
04/06/2014 2:14 am EDT

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Citibank has said Egypt’s fiscal deficit is set to “remain firmly in double digits” with inflation easing in 2014, Daily News Egypt has reported. “The fiscal deficit rose to 11.2% of GDP in 2012 and provisional data for H1 2013 show that there could be a worse outcome this year,” the report said. “Even if a slow pick-up in growth is possible in 2014, we still think that a new government will have to think more comprehensively about economic policy at some point.”

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