Arab Today, arab today budget deficit up to egp 658bn during first quarter of 201415
Last Updated : GMT 08:53:10
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Budget deficit up to EGP 65.8bn during first quarter of 2014-15

Arab Today, arab today

Arab Today, arab today Budget deficit up to EGP 65.8bn during first quarter of 2014-15

Finance Minister statement
Cairo - MENA

Egypt's budget deficit increased to 65.8 billion pounds in the period between July and September 2014.
The budget deficit stood at 59.9 billion in the same period in the last fiscal year, according to a Finance Minister statement.
Budget revenues amounted to 76.5 billion pounds during the first quarter of the 2014-2015 fiscal year compared to 58.6 billion in the same period last year.
The statement attributed the rise in revenues to the increase in tax revenues by 28.4 percent.

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