Egypt is looking to bring the country's debt-to-GDP ratio down to less than 90% in the next fiscal year (FY 2022/2023)
In its December report, the ministry revealed that the budget deficit amounted to EGP 266.94 billion during the July-November 2021 period
The ministry was working towards harmonizing and linking budgets, including state revenues and expenditures
During the first 4 months of FY 2021/2022, the deficit reached EGP 219.8 billion, compared to EGP 171.3 billion in the same period
The investments will include a distribution of EGP 48.7 billion for extraction activities, at a rate of 75%
