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The International Monetary Fund worries about the pressures of high oil prices on the public budget, and the exit of some foreign investment debt instruments, with the tightening of global financial policy, pointing out that the Global pressure on the Egyptian budget The government announced on June 16 the rise in the price of petroleum products between 17.4% and 66.7% and the rise in electricity prices on July 1st, which contributed to the return of annual inflation rates. For the rise last June, for the first time in 10 months, was sung The annual inflation rate in June was 13.8% for the republic's total against 11.5% registering the highest level in 4 months.
See also .. International Monetary Fund: Egypt's GDP will reach 5.5% in 2018-2019
The monthly inflation rate in cities in June was 3.5% and the annual rate was 14.4% against 11.4% in May, according to the Fund's forecasts, the public debt will decrease significantly due to financial reforms and strong growth.
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Source: The people of Egypt
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