Turn on more accessible mode
Turn off more accessible mode
Home
|
Media Center
|
Careers
Personal
Accounts
Loans
eBanking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
Tutorials
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Awards
BBK awarded for distinguished Corporate Governance practices
Bahrain’s pioneer in commercial and retail banking
BBK wins first place for excellence in Corporate Governance practices
BBK wins Bahrain eContent Award
BBK newsletter
CINET
BBK Press releases
Latest News
Archives
Financial News
Latest News
Archives
Internet Banking
Retail login
Help
|
Alert
What do you want to do?
Select here
Access Retail Internet Banking
Home
Media Center
Financial News
Latest News
13-11-19
Egypt expects growth of 6.4 percent, 6.2 percent in 2020/21
(MENAFN) Egypt's Finance Minister Mohamed Maait said that the government is targeting optimistic results for the coming fiscal year regarding financial indices, with a growth rate of 6.4 percent and a decreased overall budget shortfall to 6.2 percent.
Maait stated that the budget's preliminary statement for the fiscal year 2020/21 also targets to reduce the local debt-to-GDP ratio to 80 percent.
The minister clarified that the FY 2020/21 budget focuses on applying large scale, profound structural reforms to push the private sector to be the train of economic development.
The government is targeting 6 percent growth in GDP this fiscal year, a deficit of 7.2 percent and a debt-to-GDP ratio of 82 percent.
MENAFN1311201900450000ID1099265844
View the Financial News Archive
View complete sitemap
Personal
Accounts
Loans
Mortgage
eBanking
ATM
Internet Banking
SMS Banking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
BBK tariffs
Tutorials
Customer Protection
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Follow us