fiscal
The program is the second phase of the National Program for Economic and Social Reforms, which will have a third phase.
The Local Development Fund provided loans worth LE27 million for 3,511 micro and small enterprises in 11 governorates in the FY2018-2019.
The Federal Reserve is expected to raise interest rates at its first policy meeting under Chairman Jerome Powell and may signal more hikes are coming.
The Governor said that consumption rates decreased, exports increased and inflation is slowing down.
Egypt’s budget deficit hit seven percent of the Gross Domestic Product (GDP), at 226 billion EGP
Egypt’s general government debt is projected to surge to 100.4 percent by the end of fiscal year 2016/17.
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