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| 14 September, 2017

Egypt budget deficit at 9.5% in Q4 FY 2016-17: president

Women sell vegetables at a market in the Egyptian Delta town of Zagazig January 7, 2013.

Women sell vegetables at a market in the Egyptian Delta town of Zagazig January 7, 2013.

REUTERS/Asmaa Waguih
CAIRO- Egypt's budget deficit stood at 9.5 percent during the fourth quarter of the 2016-2017 fiscal year that ended in June, down from 11.5 percent during the same quarter last year, President Abdel Fattah al-Sisi said on Thursday.

Egypt has been looking to tighten control of its finances as it pushes ahead with ambitious economic reforms tied to a $12 billion three-year International Monetary Fund lending programme it agreed last year.

(Reporting by Ehab Farouk; Writing by Eric Knecht; Editing by Gareth Jones) ((eric.knecht@thomsonreuters.com; +20 2 2394 8102; Reuters Messaging: eric.knecht.thomsonreuters.com@reuters.net))