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FinancialNews


  • 24-11-18

    Egypt eyes 6.5 percent GDP growth in next FY

    (MENAFN) Egypt has set a goal to hit 6.5 percent in its GDP growth during the 2019-2020 fiscal year, compared to its 5.3 percent decided for this fiscal year.

    The Egyptian government is looking to record 2 percent in its initial surplus, excluding the public debt value.

    The government of Egypt was also confirmed to have decided to reach a decline in its budget deficit to stand at 7 percent, with a target for its inflation to hit 10.9 percent.

    The purpose behind the country's target is to stand at 8 percent in its growth rate by the 2021-2022 fiscal year, as stated Minister of Finance Mohamed Maait.

    MENAFN2411201800450000ID1097739121

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