Cairo – Mubasher: Egypt’s real gross domestic product (GDP) growth is forecast to continue its rebound on the back of the country’s ongoing structural economic reforms, according to a report released by the Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) on Monday.
The government aims to achieve a primary fiscal balance surplus of 2% of GDP in fiscal year 2018/2019 and “to maintain this surplus in subsequent fiscal years to reduce debt levels, thereby yielding a 5.5 percentage points consolidation over the previous three years,” the reported added.
In addition, the overall fiscal deficit is planned to decrease to 8.2% of GDP in FY18/19 and 7.2% of GDP in FY19/20.
