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

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

Updated 11/26/2023 1:04:00 AM

Egypt achieves primary surplus of EGP 164.3B in FY 2022/2023

Egypt has recorded a primary surplus of EGP 164.3 billion, equivalent to 1.63% of the gross domestic product (GDP), as per the initial indicators of the financial performance for fiscal year (FY) 2022/2023.

Updated 8/10/2023 12:43:00 PM