By: Islam Fadl
Cairo – Mubasher: Egypt targets a budget deficit of 6% of the country’s gross domestic product (GDP) during fiscal year 2020/2021, the country’s minister of finance Mohamed Maait said.
During the current fiscal year, the North African nation is forecast to achieve a budget deficit of 7.2% from 13% three years ago, Maait added during Euromoney conference on Monday.
In addition, the government also aims to achieve a primary surplus of 2% of the country’s GDP in the medium term, the minister noted.
By: Zeinab Adel
