VOL. XXXIV
NO. 32
13-MAY-1991
Financial and Banking News
Budgets & Revenues
Egypt Plans for Smaller Budget Deficits
The Egyptian Government has embarked on a comprehensive plan to reduce thebudget deficit to 3.5% of gross domestic product (GDP) by 1995, according to theEgyptian Prime Minister, Dr. 'Atif Sidqi. The deficit is projected to fallgradually from 9.5% of GDP in 1991-92 to 6.5% in 1992-93 and to 3.5% in 1994-95.According to the draft budget for the fiscal year 1991-92 starting on 1...
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