Financial and Banking News
BUDGETS AND REVENUES
Egypt Plans to Trim Deficit Despite Revenue Cuts
Plans for the 1986/87 fiscal year revealed to the Egyptian parliament by two ministers last week make it clear that the government intends to cut the current account deficit, increase private sector investment, reduce foreign borrowing and achieve 6.5% real GDP growth despite the sharp drop in oil revenues which it expects this year. A detailed statement by the Deputy Prime Minister and...