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Cairo announces budget deficit for the fiscal year ending the Al-Hawar newspaper quoting RT Arabic (Russia Today) We publish Cairo announces budget deficit for the fiscal year ended, Cairo announces the budget deficit for the finite financial year we send you our visitors According to the Egyptian Minister of Finance, Mohamed Maat, Egypt's fiscal deficit for the 2017-2018 fiscal year is ended June 30, or 9.8% of GDP. Total
The Minister stated that the revenues budgeted for the 2018-2019 fiscal year will rise to 989 billion pounds ($ 55.47 billion), of which Egypt will pay 817 billion pounds of interest and debt repayments.
The new international bond offer plan for the 2018-2019 fiscal year and its size will be announced "in a short time," he added.
Egypt announced last March that it aims for the 2017-2018 fiscal year a budget deficit of between 9.5 and 9.7% of GDP, compared with 10.9% in the previous year. Previous year.
Source: Agencies
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Source: Arab RT (Russia today)
