Middle East Economic Survey

VOL. LIV

No 14

1-Apr-2011

EGYPT

Egyptian Finance Minister Warns Of Rising Budget Deficit

The deficit in the 2010-11 Egyptian budget that ends on 30 June is expected to rise to more than 8.5% of GDP after the 25 January revolution from 7.5% before the political disturbances, according to projections by the Egyptian Minister of Finance Samir Radwan. Economic growth was projected at 5.8% before the revolution, but the economy has suffered severely from labor unrest,...