January 20, 2019 / 2:24 PM / a year ago

Egypt H1 of year to June budget deficit 3.6 pct of GDP -presidency

CAIRO, Jan 20 (Reuters) - Egypt’s budget deficit in the first half of the financial year to June was 3.6 percent of gross domestic product (GDP), down from 4.2 percent a year earlier, the presidency said on Sunday.

Egypt also posted a primary surplus of 0.4 pct of GDP, up from a deficit of 0.3 pct, it said in a statement. (Reporting by Mahmoud Mourad; Writing by Nadine Awadalla; Editing by Abdelmonem Hassan and John Stonestreet)

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