IMF held up by lack of signs of political consensus over the $4.8bn
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Last year, the budget deficit reached EGP 134.996bn.
Reform measures hampered by unrest and lack of political support for plans
The International Monetary Fund also projects the country’s budget deficit to shrink to 8.7% in 2014
Changes in the tax code had been approved after the ministry had consulted with various business organizations, according to the minister of finance
The International Monetary Fund said that Egypt had asked to delay its request for a $4.8 billion loan agreed in November as violent protests mount in Cairo ahead of a referendum on the constitution