Egypt has recorded a primary surplus of EGP 416 billion during the first nine months of the current fiscal year (FY) 2023/2024, amounting to 3% of the gross domestic product (GDP).

Egypt's net foreign assets (NFAs) hit a negative EGP 839.219 billion in October, compared to a negative EGP 828.733 billion at the end of September.

Egypt’s total budget deficit reached 3.2% of gross domestic product (GDP) during the first two months of the current fiscal year (FY) 2023/2024, compared to 1.4% during the same period a FY earlier.

Egypt's net foreign assets (NFAs) hit a negative EGP 801.269 billion in August, compared to a negative EGP 812.408 billion at the end of July.

Egypt's net foreign assets (NFAs) hit a negative EGP 812.408 billion in July, compared to a negative EGP 837.329 billion at the end of June.

Egypt has achieved total revenues of EGP 1.501 trillion in fiscal year (FY) 2022/2023, with an annual growth rate of 11.5%.

Egypt’s trade balance deficit fell 49.6% year on year (YoY) in March 2023 to $1.96 billion, compared to $3.89 billion.

Egypt has upgraded its budget deficit forecast for fiscal year (FY) 2023/2024 to 7% of gross domestic product (GDP) from the previous forecast of 6.3%.

Egypt’s trade balance deficit dropped by 38.5% to $2.15 billion in November 2022, versus $3.5 billion in the same month of 2021, according to a press release published by the Central Agency for Public Mobilization and Statistics (CAPMAS) on February 7th.

“This came mainly due to the increase in both tourism revenues and merchandise exports (oil and non-oil), together with the rise in Suez Canal receipts,” the CBE said in its balance of payment report.

Exports stood at $3.77 billion last October, down by 9.4% from $4.16 billion in October 2021.