Egypt reduces total deficit to 3.6% in period from July to May 2024

Tue, 11 Jun 2024 - 12:27 GMT

This represents an increase compared to the previous fiscal year, where the surplus was only LE 116 billion, accounting for 1.15 percent of the GDP.

Egypt's budget deficit decreases to 6% of GDP by June 2023

Thu, 09 May 2024 - 10:46 GMT

This surplus was utilized to partially cover interest payments on the public debt, resulting in a decrease in the country's overall deficit to 6 percent of the GDP by June 2023.