Arab Today, arab today budget deficit rises to egp 2618bn in 11 months
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

Budget deficit rises to EGP 261.8bn in 11 months

Arab Today, arab today

Arab Today, arab today Budget deficit rises to EGP 261.8bn in 11 months

Egyptian budget
Cairo - MENA

The budget deficit rose to 261.8 billion pounds, constituting 10.8 percent of the gross domestic product (GDP), during the period from July to May 2014/2015, the Ministry of Finance said Thursday.

The new figure is compared to EGP 189.4 billion a year earlier, a report released by the ministry said.

In 11 months, the state revenues increased to EGP 350 billion during the same period compared to 337.8 billion pounds a year earlier, it added.

Expenditure soared to EGP 601.4 billion against EGP 519.7 billion, the ministry added.

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