March 19, 2017 / 11:33 AM / in 8 months

Egypt targets around 5 pct growth rate in FY 2017-18 -state news agency

CAIRO, March 19 (Reuters) - Egyptian Planning Minister Hala al-Saeed said on Sunday that the government is targeting a growth rate of around 5 percent for the 2017-18 fiscal year, state news agency MENA reported.

Speaking at a news conference, Saeed said Egypt is also looking to boost its growth rate from about 4 percent currently to between 6-6.5 percent in 2020.

Egypt’s Finance Ministry is currently preparing the budget for the 2017-18 fiscal year, which begins in July. (Reporting by Ahmed Aboulenein; Editing by Dominic Evans)

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