- Financial Services
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.
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) ((email@example.com; +20 2 2394 8102; Reuters Messaging: firstname.lastname@example.org))