VOL. XLII

No. 30

26-July-1999

EGYPT

Egypt Maintains Fiscal Strength With 1999-2000 Budget

The Egyptian budget for the year 1999-2000, which started on 1 July, foresees modest increases in both expenditures and revenues broadly in line with inflation and includes a gross budget deficit of E£8,860mn. The net final deficit, according to the official projections set out in the recently published Official Gazette (3 June), will fall to E£801mn ($236mn) from E£1,061mn...