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Egyptian State Budget

Egypt targets lowering budget deficit to 4% & cut debt to 72% over 5 years | FinMin

The average budget deficit in Egypt for the past 42 years was 7.9%, achieving its best figures soon after the Gulf War

Budget deficit to drop to 5.6% of GDP in current FY | FinMin

Due to the exchange rate’s movements during the previous FY, the public debt saw a 4% climb in relation to the GDP to reach 85.3%, according to Maait

Egypt directs EGP 6B of FY2022/2023 budget to export development | FinMin

The minister also added that they have allotted EGP 6.025 billion in the budget to go towards digital transformation and cybersecurity projects

Egypt’s budget deficit for FY 2021/2022 drops to 6.1% from 7.4%

This is less than the state budget’s target of 6.7% despite the growing costs of rising food and energy prices during the 2nd half of the year

New state budget “the largest in Egypt’s history” | FinMin

Maait stressed that the new budget is the largest in Egypt’s history by exceeding the 3 trillion mark