September 14, 2017 / 10:13 AM / in 2 months

Egypt budget deficit at 9.5 pct in Q4 FY 2016-17: president

CAIRO (Reuters) - Egypt’s budget deficit stood at 9.5 percent during the fourth quarter of the 2016-2017 fiscal year that ended in June, down from 11.5 percent during the same quarter last year, President Abdel Fattah al-Sisi said on Thursday.

Egyptian President Abdel Fattah al-Sisi gives an address at the Ittihadiya presidential palace in Cairo, Egypt, May 26, 2017 in this handout picture courtesy of the Egyptian Presidency. The Egyptian Presidency/Handout via

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 last year.

Reporting by Ehab Farouk; Writing by Eric Knecht; Editing by Gareth Jones

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below