Key Highlights of FY 2023/24 Public Budget
Updated 4/6/2023 11:49:00 AM
Egypt is targeting a gross domestic product (GDP) growth rate of 5% in its upcoming fiscal year (FY) 2023/24, according to the Egyptian presidency.
The government is also targeting a primary surplus of 2.5% and a budget deficit of 6.37%.
As per the draft budget, Egypt also targets an increase of 31% year-on-year (YoY) in revenues to hit EGP 2 trillion, in addition to a growth rate of 30.5% YoY in expenditures to reach nearly EGP 2.84 trillion.
