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Egypt's 9M budget deficit for year to June drops to 5.3% of GDP: FM

Egypt's 9M budget deficit for year to June drops to 5.3% of GDP: FM

Cairo:  Egypt's budget deficit dipped to 5.3 percent of GDP in the first nine months of the year ending in June, the finance minister said, against 6.2 percent in the same period a year prior.

Egypt's primary surplus of 35.5 billion Egyptian pounds ($2.07 billion) in the first nine months of the 2018/2019 fiscal year was at 0.7 percent of GDP, Finance Minister Mohamed Maait said. Egypt had a primary deficit of 7 billion pounds, 0.2 percent of GDP, in the same period a year prior, he said. Source: Zawya

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