403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Egypt cuts budget deficit to 8.9 percent of GDP for 2015/16
(MENAFN) Egypt brought down its expected budget deficit to 8.9 percent of Gross Domestic Product (GDP), from a previous estimation of 9.9 percent, following a budget draft revision for fiscal 2015/16, Reuters reported.
Moreover, the new revised draft forecasts public spending of about USD113 billion, slightly decreased from the USD115.6 billion for the previous one. Expected revenues were increased to USD81.25 billion.
Nonetheless, the expected economic growth for the financial year remains untouched between drafts at 5 percent.
Moreover, the new revised draft forecasts public spending of about USD113 billion, slightly decreased from the USD115.6 billion for the previous one. Expected revenues were increased to USD81.25 billion.
Nonetheless, the expected economic growth for the financial year remains untouched between drafts at 5 percent.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment