28 March 2014

Egypt's Total Budget Deficit Down By Six Percent of GDP in Eight Months

Egypt's total budget deficit went down by 6% of the country's gross domestic product (GDP) from July to February of the FY 2013/14, the finance ministry revealed on Wednesday.

According to the ministry's bulletin, the deficit has reached 123.6 billion, compared with 146.49 billion in the same period a year earlier.

The ministry also noted that government revenues from July to February of the FY 2013/14 reached EGP 254.224 billion.

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