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Investment Minister: Budget deficit 11.5% of GDP for the 2012-2013 fiscal year - Daily News Egypt

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Investment Minister: Budget deficit 11.5% of GDP for the 2012-2013 fiscal year

The European Bank for Reconstruction and Development recently stated that: “Egypt’s budget deficit has increased to EGP 200bn, or 11.5% of GDP


Yahya Hamid Minister of Investment
Yahya Hamid
Minister of Investment

Yahya Hamid, Egypt’s new Investment Minister, said on Saturday that the country’s budget deficit had reached EGP 200bn, or 11.5% of GDP, for the 2012-2013 fiscal year ending in June. The European Bank for Reconstruction and Development recently stated that: “Egypt’s budget deficit has increased to EGP 200bn, or 11.5% of GDP. We hope to see this number go down to 9.5% within the next year.”

 

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