25 November 2012

Egypt: Finance Ministry Budget Deficit Reaches LE69.6 Billion in Four Months

The State budget deficit has increased to LE69.6 billion - 3.9% of the Egyptian Gross Domestic Product (GDP) against LE47.2 bn last year, a report by the Finance Ministry on Egypt's financial status in July-October 2012 said Saturday.

While The State's revenues have increased by 13.5% amounting to LE72.8 billions against LE64.1 billions in 2011.

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