Middle East Economic Survey

VOL. LII

No 32

10-Aug-2009

EGYPT

Egypts Actual 2008-09 Budget Deficit Unchanged At 6.9% Of GDP

Egypts budget deficit for the fiscal year 2008-09, which ended on 30 June, was unchanged at 6.9% of GDP from the previous year according to preliminary figures, Egyptian Minister of Finance Yusuf Butros-Ghali announced on 3 August. This is a big achievement considering the global financial crisis ... and deficits in many advanced and developing countries, the minister said,...