Arab Today, arab today budget deficit rises to egp 2309bn in 10 months
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

Budget deficit rises to EGP 230.9bn in 10 months

Arab Today, arab today

Arab Today, arab today Budget deficit rises to EGP 230.9bn in 10 months

Egyptian ministry of finance
Cairo - MENA

The budget deficit rose to EGP 230.9 billion, constituting 9.9 percent of the gross domestic product (GDP), during the period from July to April 2014/2015, the Ministry of Finance said Thursday.

The new figure is compared to EGP 163 billion a year earlier, a report released by the ministry said.

The state revenues increased to EGP 321 billion during the same period compared to 314.7 billion pounds a year earlier, it added.

Expenditure soared to EGP 541.7 billion against EGP 471.8 billion, the ministry added.

 

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