Arab Today, arab today egyptbudget deficit leaps to 696 billions in 4 months
Last Updated : GMT 21:25:44
Arab Today, arab today
Arab Today, arab today

Egypt : Budget deficit leaps to 69.6 billions in 4 months

Arab Today, arab today

Arab Today, arab today Egypt : Budget deficit leaps to 69.6 billions in 4 months

Cairo - MENA

The budget deficit has swelled to 69.6 billion pounds - 3.9% of the Egyptian GDP, compared to 47.2 billion pounds last year, a report by the Finance Ministry on Egypt's financial status in July-October 2012 said Saturday. National income has also increased by 13.5% amounting to 72.8 billions against 64.1 billions in 2011. Between July and October the government's expenditure was 27.8% of the budget, 141.7 billions opposed to 2011's 110.9 billions. The report concluded with social welfare and entitlement spending which rose to 32.4% or 29.3 billions versus 22.1 billions yesteryear between July and October.  

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Arab Today, arab today egyptbudget deficit leaps to 696 billions in 4 months Arab Today, arab today egyptbudget deficit leaps to 696 billions in 4 months

 



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