Egypt’s budget deficit declines by LE 97B during FY2024/2025

Wed, 27 Nov 2024 - 02:45 GMT

The deficit now stands at LE 453.2 billion, representing 2.6 percent of GDP, compared to LE 550.2 billion, or 3.9 percent of GDP, during the same period last year.

Egypt's net foreign reserves achieve $46.38 billion in June 2024: CBE

Mon, 22 Jul 2024 - 01:27 GMT

The source also mentioned that the current reserve balance is sufficient to cover approximately 7.9 months' worth of the country's merchandise imports.