Egypt's budget deficit decreases to 6% of GDP by June 2023

Thu, 09 May 2024 - 11:46 GMT

This surplus was utilized to partially cover interest payments on the public debt, resulting in a decrease in the country's overall deficit to 6 percent of the GDP by June 2023.

Egypt targets 3.5% surplus in draft budget during FY 2024/2025: Finance Minister

Wed, 27 Mar 2024 - 12:07 GMT

Maait further explained that the state budget aims to achieve an initial surplus of 3.5 percent and gradually reduce the overall deficit to 6 percent of the GDP in the medium term.