Egypt
The Egyptian Prime Minister Sherif Ismail has said the government on Sunday approved its 2018/19 fiscal year budget , targeting a budget deficit of 8.4 percent of Gross Domestic Product (GDP).
A statement from the cabinet said the budget would target GDP growth of 5.8 percent.
Meanwhile, Egypt’s Finance Minister Amr El Garhy on Monday told Reuters that the country expects GDP growth between 5.3 and 5.4 percent in the third quarter of the 2017-2018 fiscal year.
Last month , Planning Minister Hala al-Saeed said the economy grew by around 5.3 percent in the second quarter.
A World bank 2017 report said the country’s macroeconomic conditions were showing signs of stabilization following the liberalization of the exchange rate.
Egypt’s fiscal year begins in July ends in June.
Reuters
02:24
Zimbabweans forced to use US dollar in absence of new currency ZiG
02:37
Charity: More than 10 million Sudanese children have been in warzone
02:20
Heart surgeon turned comedian, Egypt's Bassem Youssef begins "The Middle Beast" tour
11:11
Senegal: Diomaye Faye's economic challenges [Business Africa]
Go to video
Binance executive detained in Nigeria amid a crypto crackdown has escaped custody
01:56
Italy's PM Giorgia Meloni praises her country's role in EU deal with Egypt