
Egypt's economic growth rate is expected to hit 5 percent in 2015/2016, the Finance Ministry said on Thursday.
In a statement on Egypt's 2015/2016 draft general budget, the ministry pointed out that it targets reaching a seven-percent economic growth in 2018/2019.
The unemployment rate is expected to hit 11.5 or 12 percent in 2015/2016, and less than 10 percent in 2018/2019, the ministry noted.
It added that Egypt's budget deficit is scheduled to range between 8 to 8.5 percent in 2018-2019.
The inflation rates are expected to hit 10 or 11 percent in 2015/2016, and 7 or 8 percent in 2018/2019, the ministry said.
GMT 19:07 2018 Friday ,14 December
Lebanese PM flags up Saudi investment potential, financial tiesGMT 21:16 2018 Thursday ,13 December
Egypt, Algeria sign MoU to increase trade exchangeGMT 12:33 2018 Sunday ,09 December
Egypt's decision to adjust customs' duties on luxury goods to benefit economyGMT 21:03 2018 Wednesday ,05 December
Bahrain's economic delegation concludes successful India visitGMT 10:58 2018 Sunday ,02 December
Egypt’s total public investments record EGP 72 bln in Q1GMT 14:23 2018 Friday ,30 November
Saudi Arabia pledges $50 million to UNRWAGMT 20:20 2018 Thursday ,29 November
Japan funds project to enhance water quality project in Palestinian townGMT 09:50 2018 Wednesday ,28 November
Egypt, Saudi Arabia to strengthen economic ties in coming phase
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor