Financial and Banking News
BUDGETS AND REVENUES
Egypt and IMF Differ over Size of Budget Deficit
The size of the Egyptian Government's budget deficit for 1989/90 (beginning 1July) has emerged as a major bone of contention in its current negotiations withthe International Monetary Fund (IMF). The government's draft proposals for the1989/90 fiscal year envisage a deficit of E6.9bn, down from the previousyear's planned deficit of E7.2bn. However, the Egyptian Minister of...