BUDGETS AND REVENUES
Egypts Economy Improves But Widening Budget Deficit A Cause For Concern
Egypt is expected to see economic improvements in the current fiscal year (1 July 2003-30 June 2004) with its GDP growth rate climbing and current account surplus increasing. Key foreign exchange earners, such as the oil and gas sector, tourism and Suez Canal receipts are expected to help bring about these increases. However, the confidence instilled by improved economic...