Egypt's budget deficit worsens to 6.7% in first 8 months of FY2023/24

Citing Minister of Finance Mohamed Maait

Staff Writer, Arab Finance

March 11, 2024

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Egypt's overall budget deficit widened 6.7% of gross domestic product (GDP) during the first eight months of the current fiscal year (FY) 2023/2024, compared to 5% in the same period a FY earlier, Asharq Business reported, citing Minister of Finance Mohamed Maait.

In a press conference, Maait said that the primary surplus amounted to EGP 193 billion, compared to EGP 41.8 billion.

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