Egypt achieves primary surplus of EGP 416B in 9 months

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).

Updated 4/8/2024 9:02:00 AM

Egypt’s total budget deficit narrows to 6% of GDP in FY2022/23

Egypt’s total budget deficit shrank to 6% of the gross domestic product (GDP) during the fiscal year (FY) 2022/2023, Minister of Finance Mohamed Maait revealed.

Updated 1/8/2024 1:24:00 AM

Egypt targets $12B in FDI for FY2023/24

Egypt expects luring foreign direct investments (FDI) of $12 billion in the upcoming fiscal year (FY) 2023/2024, up 20% from the expected figures for the current FY 2022/2023.

Updated 6/12/2023 1:01:00 AM