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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