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Business / Middle East Business

Egypt targets budget deficit of 9.8 pct for 2016-2017

Published: 28 May 2016 - 02:37 pm | Last Updated: 03 Nov 2021 - 04:54 pm
Peninsula

 

CAIRO: The Egyptian government is argeting a budget deficit of 9.8 percent for 2016-2017 and 9 percent for the following year, the planning minister said in a news conference on Saturday.

Ashraf al-Araby also said his government is targeting less than 4.5 percent growth in the second half of the fiscal year, 5.3 percent growth in 2016-2017 and 6 percent in 2017-2018. 

Reuters