Egypt Finance Ministry Budget Deficit Drops to EGP76.8bn in 3 MonthsSource: www.export-egypt.com 11/18/2016, Location: Africa |
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Egypt’s budget deficit decreased in the period between July and September to hit EGP76.8 billion, according to a bulletin of the Finance Ministry.
The drop represents 2.4 percent of the gross domestic product (GDP), according to the report. The State revenues decreased to reach EGP96.8 billion compared to EGP100 billion during the same period of the previous year, the statement added. Total expenses rose to EGP172.2 billion compared to EGP170 billion in the same period of the previous year, it said. |
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