By: Mahmoud Salah El-Din
Cairo – Mubasher: Egypt’s budget deficit ranges between 11% to 11.5% in the fiscal year 2015/16, said Amr EL-Garhy the Egyptian Minister of Finance.
The country’s public debt varies between 97% to 98% of the gross domestic product (GDP), said EL-Garhy on the sideline of economic conference.
“The government works on keeping the budget deficit under control to reach 9.8% as well as lowering the public debt gradually. “added minister.
The country’s estimated budget deficit amounted to around EGP 319.46 billion for FY16/17, said the Ministry of Finance earlier.
Translated by: Shaimaa El-Sarky
