Arab Today, arab today egypt budget deficit hits 138 of gdp
Last Updated : GMT 17:01:42
Arab Today, arab today
Arab Today, arab today

Egypt budget deficit hits 13.8% of GDP

Arab Today, arab today

Arab Today, arab today Egypt budget deficit hits 13.8% of GDP

Cairo - MENA

Egypt’s total budget deficit recorded 13.8 percent of the country\'s gross domestic product (GDP) in the fiscal year 2012/13, the finance ministry revealed on Thursday. According to the ministry\'s bulletin, the deficit has jumped to 239.9 billion, compared with 136.5 billion in the period from July to May of the 2011/12 fiscal year. The ministry also noted that government revenues had risen by 13.5 percent within 11 months to stand at 344.6 billion pounds from 303.6 billion pounds in 2011/12 fiscal year.

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Arab Today, arab today egypt budget deficit hits 138 of gdp Arab Today, arab today egypt budget deficit hits 138 of gdp

 



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