Egypt’s budget deficit in first quarter fiscal year 2018-19 down to 1.9 percent – finance minister

CAIRO (Reuters) – Egypt’s budget deficit for the first quarter of the 2018-2019 fiscal year starting in July was slightly down to 1.9 percent from 2 percent last year, Finance Minister Mohamed Maait said.

Egypt has been looking to tighten control of its finances as it pushes ahead with ambitious economic reforms tied to a $12 billion three-year International Monetary Fund lending programme it agreed in late 2016.

Similar Articles

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Top
%d bloggers like this: